SpaceX’s planned $60 billion deal for Cursor raises questions for CIOs (opens in new tab)

When SpaceX on Tuesday officially announced its plan to purchase AI coding startup Cursor for $60 billion in stock, as it had predicted it would do in April, it presented CIOs and developers with a little good news, a little bad news and a massive pile of uncertainty. The details of the proposed acquisition were virtually identical to the terms announced in April, even retaining the $10 billion consolation prize for Cursor should SpaceX back out of the deal. But for CIOs and developers, the i...