Spacex to acquire the AI coding company , Cursor

Founded in 2022 by Truell and three others who met at MIT, Cursor has ridden a wave of popularity for AI coding tools, which have dramatically shaken up the software industry over the past year by making coding more productive and accessible. Cursor’s tools have been adopted by millions of developers, and the company announced in November that annualized revenue had multiplied by 10 in less than a year to over $1 billion. SpaceX is buying the AI coding startup Cursor for $60 billion, after the two companies struck a deal earlier this year. The deal caps Cursor’s rapid ascent to become one of Silicon Valley’s fastest-growing startups and is a validation of the soaring interest in AI-assisted coding. The Cursor purchase comes days after SpaceX raised a record-breaking $85 billion in the largest IPO in history.

The company’s valuation has continued to rise in the days after it started trading and closed at a $2.5 trillion on Monday, just below Amazon and above Meta and Tesla. What is your take on the acquisition ?