SpaceX Buys AI Coding Startup Cursor for $60 Billion
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Yann LeCun's comments renew a long-running spat with Musk and cast doubt over valuations of some of the world's biggest AI companies.
SpaceX will buy Cursor parent Anysphere in a $60B all-stock deal, giving Elon Musk’s company a major AI coding asset days after its IPO.
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth most valuable company after a surge in its share price. Days after joining New York's tech-focused Nasdaq stock exchange in the biggest public listing ever,
The Elon Musk-led company is betting on a buzzy startup to reverse its vibe-coding struggles.
CEO Elon Musk has made yet another sweeping prediction about the future of work, this time aimed squarely at software engineers. Speaking at a recent conference, the Tesla chief argued that the entire practice of writing code in human-readable programming languages is about to become obsolete.
Two young entrepreneurs, Aman Sanger from India and Sualeh Asif from Pakistan, have joined the billionaire ranks. Their company, Cursor, a popular AI coding assistant, was reportedly acquired by Elon Musk for $60 billion.
Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers.
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SpaceX plots 20 billion bond deal after record IPO
SpaceX is plotting to raise at least $20 billion through its first investment-grade bond offering, with investor calls expected as early as next week, according to Reuters and Bloomberg. The newly public company is reportedly seeking to replace temporary financing tied to its acquisition of Elon Musk’s AI startup xAI.
