SpaceX acquires AI coding platform Cursor for $60 billion
Separately, neither could compete. Now they hope they can.
The Guardian AI·
Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisation Elon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn and has moved ahead of Amazon in valuation days after its stock market debut. The company has agreed to buy Anysphere, which has capitalised on AI’s success as a coding technology. Continue reading...
Read full articleSeparately, neither could compete. Now they hope they can.
SpaceX has climbed to a market value of nearly $2.93 trillion after its shares jumped more than 17%, briefly pushing Elon Musk’s aerospace company ahead of both Amazon and Microsoft in the global corporate rankings. According to data from Yahoo…
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SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal, just days after completing the largest IPO in history, which raised nearly $86 billion and debuted the company at a $1.7 trillion valuation. Since going public on Friday, SpaceX stock has climbed from its IPO price of $135 to more […]