SpaceX acquires AI coding startup Cursor for $60 billion following record IPO
By
Archie Mitchell
Crackles when you bite it. Shows the baker did the work.
Summary
SpaceX has acquired AI coding start-up Cursor (maker of Anysphere) for $60 billion, just days after SpaceX's record-breaking IPO on the Nasdaq stock exchange. The IPO valued SpaceX at over $2 trillion and raised $85.7 billion, making it the world's fifth most valuable company by Tuesday, surpassing Amazon. The two companies had been partners since April, when SpaceX secured the right to acquire Cursor for $60 billion.
Key quotes
· 3 pulledSpaceX has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO).
Elon Musk's rocket company will take over Anysphere, which makes the artificial intelligence coding agent.
By Tuesday, SpaceX had overtaken Amazon to become the world's fifth most valuable company.
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