SpaceX will buy Cursor for $60 billion

ROI: Cursor raised $3.38 billion since its 2022 founding, from firms like Thrive Capital, a16z, OpenAI Startup Fund, BoxGroup, Dorm Room Fund, Accel, DST Global, WndrCo, CRV, Coatue, Nvidia, Hanabi Capital, and Lauder Partners.

• And then there's Alameda Research, the FTX affiliate that invested $200,000 into Cursor during its seed round. Court-appointed trustees sold the shares back to Cursor at cost during FTX's bankruptcy process. They would have been worth billions.

The bottom line: The purchase will be made in shares of SpaceX, which climbed another 20% on Monday and opened even higher on Tuesday.

• It's expected to close in Q3.