Elon Musk has acquired one of the most coveted names in artificial intelligence, and the headline price of £44.7 billion ($60 billion) cost SpaceX almost nothing in cash.
The rocket and satellite company confirmed on Tuesday that it had signed a formal agreement to buy Cursor, the AI coding assistant built by San Francisco firm Anysphere, in an all-stock transaction, sealing one of the most keenly awaited deals in tech. The merger is expected to close in the third quarter, pending regulatory approval, according to a securities filing detailed by CNBC.
