Dow Jones Top Company Headlines at 3 AM ET: Elon Musk Is Unleashing SpaceX's New War Chest to Solve His AI Problem | BMW ...

Elon Musk is unleashing SpaceX's new war chest to solve his AI problem by buying Cursor in a $60 billion deal and renting out data-center capacity to land more enterprise customers. The move aims to scale SpaceX's AI footprint and create a launchpad for bigger enterprise contracts, leveraging Cursor's coding capabilities and hosting infrastructure to broaden its customer base beyond launch services. Other Dow Jones headlines show BMW cutting its 2026 automotive-sales outlook as Middle East war and China woes weigh on demand. Xiaohongshu, known as Red, reportedly plans a Hong Kong IPO that could value the company at over $70 billion. Rivian disclosed hundreds of job cuts in its service and customer organization, while Intel signaled progress toward a turnaround and external demand for its manufacturing capabilities.