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Space Exploration Technologies Corp has completed its $60 billion acquisition of AI coding startup Cursor, marking a key step for Musk in his pursuit to catch up with competitors Anthropic and OpenAI in the AI field. Regulatory documents indicate that the transaction took effect on August 14, two months after SpaceX officially announced the acquisition agreement. This deal is one of the largest technology transactions in history and aims to help Musk's company enhance its efforts to build more advanced AI tools to streamline various tasks, including codinga lucrative market in the AI sector. Musk's AI venture is now called SpaceXAI, which previously had limited commercial applications and went through a series of layoffs and restructuring. Cursor's AI assistant was launched in 2023, designed to help programmers write and debug code more efficiently. It has become one of the fastest-growing startups ever, playing a core role in the era of "ambient programming," when demand for tools that can build based on chatbot prompts surged among software developers.