SAN FRANCISCO: SpaceX said on Tuesday it will acquire artificial intelligence coding startup Cursor for $60 billion as shares of Elon Musk’s rocket company soared for a third straight session after a record-breaking IPO. Near 1130am (1530 GMT), shares of SpaceX, formally Space Exploration Technologies Corp., stood at $214.29, up 11.2 per cent, and lifting its market value above Amazon to become the fifth largest enterprise in terms of market valuation. Cursor, founded in 2022 and based in San Francisco, specialises in AI for creating software code, particularly for business uses.