SpaceX Shares Hit New High as Elon Musk's Firm Agrees to Acquire AI Startup Cursor for $60 Billion

Shares in SpaceX have surged to an all-time high following the announcement that Elon Musk's company plans to acquire AI startup Cursor for a staggering $60 billion in an all-stock deal. This acquisition will transform Cursor into a fully owned SpaceX subsidiary, signaling Musk's aggressive expansion into artificial intelligence. The move comes after SpaceX's successful IPO and underscores the growing importance of AI in the tech and space industries, potentially positioning SpaceX at the forefront of next-generation innovation.