SpaceX Buys AI Coding Startup Cursor for $60 Billion
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Not everyone believes SpaceX is overvalued, though. Investment bank Oppenheimer and Co. raised its projection for SpaceX stock from $190 to $250 following the acquisition disclosure. Analyst Timothy Horan said that SpaceX "owns every layer of the AI stack, giving it cost and quality advantages," and that Cursor is a major component of that.
Elon Musk's rocket company announced on Tuesday that it had exercised its option to buy AI coding startup Cursor for $60 billion.
