SpaceX’s $60B Play for Code AI

SpaceX announced an agreement with Cursor that lets it either pay $10 billion for joint work now or acquire the code‑writing AI start‑up later for $60 billion. The deal is timed around SpaceX's planned IPO and would put a non‑software aerospace firm in direct control of a widely used developer AI. — If consummated, the transaction would accelerate consolidation of developer tooling under platform owners, reshape IPO incentives, and raise questions about competition, supply‑chain control, and national security oversight of AI capabilities.