SpaceX buys Cursor in attempt to become central to AI ecosystem

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SpaceX has spent $60bn on an AI start-up, Cursor, days after an IPO and stock rally that has made it the world’s fifth most valuable company. Cursor deploys AI to automate the writing of code and says it is used by 64% of Fortune 500 companies, including Nvidia and Adobe. Nvidia perhaps informs the purchase. Jensen Huang’s $5tn behemoth has made its money by selling chips to major cloud providers and tech firms. SpaceX may reason that Cursor, too, could be part of a virtuous circle lifted by the success of other firms. For all the noise about rockets and colonies on Mars, SpaceX believes that 90% of its future sales will come from AI.