SpaceX has obtained the right to acquire AI programming tool company Cursor at a valuation of $60 billion. The agreement includes a $10 billion termination fee if the acquisition is not finalized. This move follows Microsoft's decision not to pursue a deal with Cursor, despite its initial interest. Cursor is a significant player in the AI programming sector, which is experiencing heightened competition from companies like OpenAI and Anthropic. Microsoft, meanwhile, is under pressure as its stock has fallen 10% year-to-date, lagging behind other companies in the hyperscale data center industry. The acquisition option by SpaceX highlights the growing interest in AI programming tools, driven by strong developer demand.