SpaceX has formally agreed to take over Cursor in a deal that values the AI coding start-up at $US60 billion ($85 billion), cementing a key part of Elon Musk’s efforts to catch up with rivals on coding tools.
Cursor investors will have the right to receive SpaceX stock based on the implied $60 billion equity value of the start-up, according to a company filing made on Tuesday.
Loading…
Bloomberg