Cursor is one of the fastest-growing startups in terms of its revenue run rate but faces significant competition from OpenAI and Anthropic.

The acquisition of Cursor by SpaceX is expected to close in the third quarter.

The acquisition of Cursor is intended to supercharge SpaceX's own efforts to build a more viable and credible AI product.

SpaceX is forming infrastructure partnerships with companies like Anthropic and Google to monetize its existing chips and data centers.

AI companies like OpenAI and Anthropic are shifting from flat-fee, all-you-can-eat models to usage-based pricing and premium subscriptions.

SpaceX acquired Elon Musk's AI venture, xAI, as part of its strategy to position itself as an AI company.

SpaceX acquired the AI coding startup Cursor in a $60 billion M&A deal.

OpenAI and Anthropic have both confidentially filed for initial public offerings and were reportedly targeting the fall for their debuts.

Cursor is a startup that builds AI tools to streamline the process of writing and debugging code.

AI companies including SpaceX, OpenAI, and Anthropic are spending tens or hundreds of billions of dollars on chips, data centers, and talent.

Seth Figerman predicts that SpaceX will pursue more acquisitions of AI companies in the future.