SpaceX agreed to acquire AI coding startup Cursor for $60 billion in an all-stock deal, minting four MIT classmates in their mid-20s as multibillionaires. Each co-founder owns about 9% of Cursor, wort…
SpaceX agreed to acquire AI coding startup Cursor for $60 billion in stock on June 16, 2026, raising concerns about using the same AI stack for both code generation and review. Industry data shows a 1…
SpaceX shares surged 4.8% on Tuesday, giving the company a market value of roughly $2.655 trillion, surpassing Amazon and briefly topping Microsoft. The rally was fueled by frenzied trading in newly l…
SpaceX acquired AI coding tool Cursor from Anysphere in a $60 billion all-stock deal, one of the largest AI acquisitions. Cursor will operate as an independent subsidiary under SpaceX, potentially acc…
SpaceX stock fell from its peak of $222 to around $200 on Tuesday, marking its first sustained decline since going public on Friday. The decline comes amid concerns over the company's cash burn, its m…
OpenAI lost approximately $38.5 billion in 2025, a sharp increase from $5.09 billion in 2024, according to financial documents obtained by critic Ed Zitron and verified by the Financial Times. Revenue…
Coinbase announced a major product expansion including tokenized stocks for non-US customers, options trading, real-world asset perpetual futures, AI advisory tools, and new consumer finance products,…
SpaceX briefly surpassed Amazon to become the fifth-most valuable company in the world, with its valuation spiking to $2.9 trillion before settling back down. The surge followed news of its acquisitio…
Ctx, an open-source Agentic Development Environment (ADE) for coding agents, has been released on GitHub. The project aims to provide a hackable desktop workbench that works with any agent harness, wi…
SpaceX announced a $60 billion stock deal to acquire AI coding startup Cursor, raising uncertainty for CIOs and developers. Analysts are divided on whether the acquisition will benefit Cursor's custom…
Microsoft walked away from a potential $3 billion deal to lease cloud capacity from Oracle due to security and compliance concerns, specifically Oracle's lack of FedRAMP certification for its public c…
Four cofounders of AI coding startup Cursor, all in their mid-20s, became billionaires after SpaceX acquired the company for $60 billion in an all-stock deal following its IPO. The founders each held …
Pegasus Tech Ventures launched a $60 million corporate venture capital fund with CYBERDYNE Inc. to invest in startups developing robotics, physical AI, healthcare, automation, and intelligent systems.…
The Nasdaq Composite and S&P 500 slipped on Tuesday as technology stocks declined, while the Dow Jones Industrial Average hit a record high. SpaceX surpassed Amazon's market value to become the fifth-…
SpaceX has agreed to acquire Anysphere, the maker of AI coding tool Cursor, in a stock deal valuing the startup at $60 billion. The acquisition, disclosed in a regulatory filing, will make Anysphere a…
Andreessen Horowitz (a16z) launched a CFO community program that brings together small cohorts of finance leaders for in-person sessions over a year, aiming to provide a trusted peer network for discu…
SpaceX went public on June 12, 2026, with a valuation of up to $2 trillion, raising approximately $75 billion. Sequoia Capital partner Shaun Maguire discussed the company's plans for orbital data cent…
SpaceX has agreed to acquire AI coding company Cursor's parent Anysphere for $60 billion in an all-stock transaction, expected to close in Q3 2026 pending regulatory approvals. The deal follows an Apr…
SpaceX acquired AI coding startup Cursor for $60 billion in stock just days after its record-breaking IPO, using its surging share price as a near-costless acquisition currency. The deal, the largest …
SpaceX shares surged for a third consecutive day, pushing its market value to $2.8 trillion and briefly overtaking Amazon to become the world's fourth-largest stock. The rally was driven by limited pu…