On August 14, Space Exploration Technologies Corp. (SpaceX) completed its acquisition of Cursor, an AI-powered coding startup, in a deal worth a staggering $60 billion. The acquisition officially took effect on August 14, two months after SpaceX announced the agreement. This marks not only one of the largest deals in tech history but also a significant step by Musk to catch up with competitors Anthropic and OpenAI in the AI race. The acquisition aims to bolster SpaceX's AI subsidiary (now renamed SpaceXAI) in developing more advanced AI tools to streamline tasks like coding and tap into profitable markets within the AI sector. Previously, SpaceXAI had limited commercial applications and underwent a series of layoffs and restructuring. Since its launch in 2023, Cursor's AI assistant has rapidly emerged as one of the fastest-growing startups, positioning itself at the heart of the tech era of 'ambient programming' and meeting software developers' demand for building tools based on chatbot prompts.