SPACEX TO ACQUIRE THE AI CODING STARTUP CURSOR FOR $60 BILLION

Summary from the TLDR newsletter

SpaceX is buying AI startup Cursor for $60 billion worth of stock. Cursor, which has a popular AI coding tool that has experienced explosive growth since the company's founding in 2022, crossed $1 billion in annualized revenue in November. SpaceX has yet to provide investors with details on Cursor's customer list, momentum, or revenue. The merger is expected to close during the third quarter, subject to requisite regulatory approvals.