SpaceX acquires AI coding startup Cursor for $60 billion, days after record IPO (opens in new tab)

Since the IPO, SpaceX shares have climbed more than 56% from the $135 offer price, briefly pushing SpaceX past Amazon to become the world's fifth most valuable company. Paying in stock rather than cash means SpaceX is using that inflated currency to its advantage. As investor Bill Ackman put it,...