SpaceX Secures Right to Acquire Cursor at a $60 Billion Valuation, Microsoft’s Earlier Bid Unsuccessful

Odaily reports that Microsoft had previously evaluated the possibility of acquiring Cursor, an AI-powered coding tool company, but ultimately did not proceed with the deal. Subsequently, SpaceX quickly reached an agreement, securing an option to acquire Cursor at a $60 billion valuation. If the acquisition is not completed, SpaceX would be required to pay a $10 billion termination fee. Cursor is currently a key player in the AI coding arena, benefiting from strong developer demand for automated programming tools. Competition in this field has become increasingly fierce, with OpenAI and Anthropic as major players. On the other hand, Microsoft is facing multiple pressures, with its stock price falling 10% year-to-date, underperforming peers in the hyperscale data center sector. (Techstartups)