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Inside the AI startup Elon Musk is betting $60 billion on - Business Insider
Overview
SpaceX struck a deal giving it the right to acquire AI coding startup Cursor for up to $60 billion, reflecting a major bet on in-house AI capabilities. Tesla’s recent earnings — which show rising revenue but sharply higher AI-related spending — underscore that Elon Musk is deploying large amounts of capital across multiple companies to accelerate AI development. That alignment suggests the Cursor deal fits a broader strategy that is already increasing costs and inviting closer scrutiny of capital allocation.
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ORGBusiness InsiderORGSpaceXORGCursorPERSONElon Musk
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