Elon Musk's SpaceX announced the deal with Cursor earlier this year. Allison ROBBERT / AFP SpaceX has announced its first major acquisition after a record-breaking IPO. Elon Musk's rocket company said in a Tuesday filing that it had exercised its option to buy the AI coding startup Cursor for $60 billion, after the two companies struck a deal earlier this year. This is a developing story. Check back for updates. Read the original article on Business Insider