Dow Jones Top Company Headlines at 11 PM ET: Elon Musk Is Unleashing SpaceX's New War Chest to Solve His AI Problem | EV ...

Cursor Investors Set for Epic Payout from Musk's Juggernaut. They Still Have to Stomach a Ride.

SpaceX exercises $60B option for Cursor—largest VC-backed M&A—paying a16z $10B, Thrive $4.2B, each founder $2.7B in stock. The consolidation of frontier coding AI under Musk amplifies engineering lock-in risk and accelerates market concentration in the developer-tools layer.