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The Economic Times
The Economic Times
Piyush Shukla

Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?

Elon Musk's SpaceX has agreed to buy Cursor AI parent Anysphere for $60 billion, and the timing says as much as the price tag. The all-stock deal lands just days after SpaceX's own Nasdaq debut valued the rockets-to-AI company north of $2 trillion, and it instantly hands xAI's Grok a foothold it never had on its own. For developers, investors, and anyone tracking where AI coding tools are headed next, this is the clearest signal yet that owning a model is no longer enough. You also need the product millions of engineers already open every morning.

SpaceX Cursor AI Deal: Why the $60 Billion Acquisition Changes the AI Coding Race

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