Elon Musk is touting SpaceX as humanity's ticket to Mars. But the company's pitch to investors for a potentially historic ​IPO reveals that its main business will be the same as Big Tech: building artificial intelligence.

Elon Musk's SpaceX announced on Wednesday that it is partnering with coding platform Cursor to build new AI models. As part of this deal, Cursor gave SpaceX the right to acquire the company later this year for $60 billion or to pay $10 billion for their work together.

Elon Musk's rocket company is securing a "privateer" for the AI coding war. As SpaceX targets a $1.75 trillion IPO, 25-year-old Michael Truell is sitting on the tech deal of the decade.

Michael Fertik, Heroic Ventures founder and managing partner, joins 'Squawk Box' to discuss SpaceX's deal with Cursor, the rationale behind the deal,

Microsoft Corp. had been reportedly eyeing AI coding startup Cursor before SpaceX made headlines with its $60 billion acquisition option of the company. The Satya Nadella-led company’s interest in Cursor was part of its strategy to expand its artificial intelligence tools in the rapidly growing AI market.

SpaceX's $60 billion Cursor AI deal isn't just about compute. It's a three-part bet on distribution, the Colossus supercomputer, and the humans behind the code.

Here's what you need to know this week about AI in the Bay Area: the $60 billion offer Cursor couldn’t refuse, Apple’s new No. 1, a startup turning homes into data centers, fundings and other must-reads.