SpaceX has secured an unusual option to acquire AI coding startup Cursor for $60 billion later this year. Or it pays $10 billion for their joint work if the deal falls through. The announcement, posted on X late Tuesday, marks Elon Musk's latest push to fuse his rocket empire with artificial intelligence ambitions. Business Insider first detailed the partnership, which pairs Cursor's developer tools with SpaceX's massive Colossus supercomputer—a beast equivalent to a million Nvidia H100 GPUs. Cursor co-founder Michael Truell called it a step forward. 'Excited to partner with the SpaceX team to scale up Composer,' he posted on X. Composer represents Cursor's agentic coding model, now supercharged by xAI's infrastructure. Cursor had hit $1 billion in annual recurring revenue by last November, fresh off a Series D at $29.3 billion valuation. That's explosive growth for a 2022 startup. But compute shortages held them back. No longer.…