- SpaceX is acquiring AI coding startup Cursor in a $60 billion all‑stock deal, expected to close in Q3.
- Bill Ackman says SpaceX’s massive public valuation (~$2.75T) lets it do large M&A with less dilution, which he sees as a key value driver.
- The deal ties into AI work (Cursor and xAI plan to release a coding model), and SpaceX shares have surged — with early post‑IPO volatility.
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