xAI is an AI company founded by Elon Musk in 2023 that develops the Grok series of large language models, integrated with the X (formerly Twitter) platform.
SpaceX will acquire AI coding startup Cursor for $60 billion, aiming to gain a competitive edge against Anthropic and OpenAI. The deal, announced in a regulatory filing, will make Cursor a wholly owne…
SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal comes days after SpaceX's IPO and months after its merger with xAI, as Cu…
SpaceX announced it will acquire Anysphere, the parent company of AI coding tool Cursor, for $60 billion in stock, four days after its Nasdaq debut at a $1.77 trillion valuation. The deal pairs Cursor…
SpaceX agreed to acquire Anysphere, the parent company of AI coding tool Cursor, in a $60 billion all-stock deal following its record-breaking IPO. The acquisition aims to combine Cursor's software wi…
SpaceX shares surged over 11% on Tuesday, pushing its market capitalization past Amazon to become the fifth largest public company at nearly $2.8 trillion. The rally, driven by retail demand, options …
The U.S. Department of Justice intervened in an NAACP lawsuit against Elon Musk's xAI, arguing that shutting down unpermitted gas turbines powering its Colossus 2 data center would threaten national s…
SpaceX acquired AI coding startup Anysphere, the company behind Cursor, for $60 billion in stock to help its xAI division catch up with OpenAI and Anthropic in AI-assisted coding. The deal gives Curso…
SpaceX acquired Anysphere, the maker of AI coding tool Cursor, for $60 billion in an all-stock deal, just days after its record-breaking IPO. The acquisition consolidates AI development tools under Sp…
The Department of Justice sided with xAI in a lawsuit over unpermitted gas turbines at its Memphis data centers, arguing that shutting down the turbines would harm national, economic, and energy secur…
SpaceX acquired AI coding startup Cursor for $60bn in an all-stock deal, as its market valuation surged past Amazon to $2.75 trillion following a record-breaking IPO. The acquisition aims to combine C…
SpaceX is acquiring AI coding startup Cursor for $60 billion in stock, concluding a deal announced in April. The acquisition aims to bolster SpaceX's xAI division, which has faced controversies includ…
SpaceX announced a $60 billion all-stock deal to acquire Anysphere, the company behind AI coding tool Cursor, on June 16, 2026. The acquisition aims to combine Anysphere's distribution capabilities wi…
SpaceX surpassed Amazon in market capitalization on June 16, 2026, three days after its Nasdaq IPO, with shares rising 8% to a valuation of $2.74 trillion. The same day, SpaceX announced a $60 billion…
SpaceX agreed to acquire AI coding startup Cursor for $60 billion in an all-stock deal, granting Cursor's investors equity in SpaceX instead of cash. The acquisition, expected to close in Q3 2026, wil…
SpaceX surpassed Amazon to become the world's fifth-most valuable company with a $2.7 trillion valuation, driven by a 20% stock surge on Monday and further gains Tuesday after announcing a $60 billion…
The US Justice Department invoked national security to defend xAI's unpermitted gas turbines, arguing that shutting them down would harm AI innovation supporting military operations. The NAACP sued ov…
SpaceX has acquired Cursor, a competitor to Claude Code and OpenAI's Codex, for $60 billion in June 2026, following a $10 billion partnership in April. The deal aims to leverage xAI's Colossus infrast…
The US Justice Department defended Elon Musk's xAI in a pollution lawsuit, arguing that the gas turbines powering its AI data center are vital to national security. The NAACP sued xAI for operating me…
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth most valuable company after its share price surged more than 50% following its Nasdaq listing. The boost came as SpaceX announced it…
Elon Musk's SpaceX IPO, which includes Starlink and xAI, has been approved by U.S. regulators, generating $75 billion for Musk despite widespread criticism that the valuation is inflated and the compa…