SpaceX acquires AI coding start-up Cursor for $60bn days after record IPO
By
Archie Mitchell
The kind of bagel that ruins lesser bagels for you.
Summary
SpaceX has agreed to acquire 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 in the largest listing ever. Cursor uses artificial intelligence to automate code writing.
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.
The move comes after SpaceX joined New York's tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn.
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