SpaceX has formally agreed to take over Cursor in a deal that values the AI coding startup at $US60 billion ($85 billion), cementing a key part of Elon Musk’s efforts to catch up with rivals on coding...

SpaceX has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO).

This is the largest acquisition ever of a VC-backed startup, outside of when Musk self-dealt for xAI.