There is the SpaceX acquisition rumor, but that's not why.
I only use Cursor through the CLI, and while the UX of the CLI is pretty bad, I've found their harness (the prompts they use and orchestration of LLMs) to be nothing short of incredible. I can't comment on their agent development environment given I haven't spent a lot of time with it.
The reason I'm moving away from Cursor is cost. Unfortunately, if you want to use the SOTA models from both OpenAI and Anthropic you basically have to go direct through their subsidized plans.