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The Latest Breaking News from Cursor

The AI Race Between Washington And Beijing Continues. U.S. Lawmakers Are Scrutinizing The Use Of Chinese Models

As Artificial intelligence becomes another front in the contest between Washington and Beijing, U.S. lawmakers are examining the growing use of Chinese artificial intelligence models by American companies.

International Business Times

SpaceXAI launches Grok 4.5 model for coding, agentic tasks

SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed for coding and agentic tasks.

The Economic Times

SpaceXAI plans to launch new model with Cursor as soon as Wednesday

Elon Musk's SpaceX ⁠said in June it would buy Anysphere, the startup behind popular AI coding agent Cursor, in an all-stock deal worth $60 billion to boost its presence in the lucrative enterprise AI tools market.

The Economic Times

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Elon Musk can’t sell a single SpaceX share for a year—then all the locks crack open at once

The rocket maker’s gated stock-sale structure is designed to keep billions of shares from cratering the stock price.

Fortune

SpaceX’s AI Ambitions Could Rewrite Its Future — If It Can Stop the Bleeding

SpaceX's revenue could surge far beyond current forecasts as it expands into AI infrastructure. But unless it proves those new businesses can generate profits, soaring sales alone won't justify the hype.

Barchart

Elon Musk says Grok 4.5 is now in private beta, claims performance near or above Anthropic's Opus

Musk said reinforcement learning is continuing to improve the model and that "Grok Build," xAI's coding-agent harness, is being refined daily. He framed the SpaceX and Tesla deployment as an internal proving ground before any wider release.

The Economic Times

SpaceX’s Move Into Neocloud Operations Is Raising Expectations for Its Valuation and Partners Like Nvidia and Intel.

SpaceX's expansion into neocloud compute operations alongside its Starlink satellite internet and rocket business pushes its market value above $2 trillion shortly after its record IPO.

Barchart

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Reid Hoffman says SpaceX ‘isn’t an AI company,’ xAI is ‘a complete train wreck’—and there’s room for both OpenAI and Anthropic

The LinkedIn cofounder and investor in both Anthropic and OpenAI offers his most pointed public assessment yet of Elon Musk’s AI ambitions.

Fortune

Cursor’s 25-year-old CEO turned a Discord server into a talent pipeline to build his $60 billion SpaceX-backed AI company

Cursor CEO Michael Truell hired many of his employees straight out of a Discord server.

Fortune

Will California’s billionaire tax proposal make it to ballots?

Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to voters

The Guardian - US

SpaceX Is the World’s Most Ambitious Company. You Should Still Wait for a Pullback in SPCX Stock Before You Buy.

SpaceX receives a price hike from Oppenheimer analyst citing Cursor acquisition and AI stack advantage.

Barchart

SpaceX Is Buying Cursor for $60 Billion. What That Means for SPCX Stock.

The SpaceX-Cursor deal is expected to close in the third quarter of 2026.

Barchart

The $17 billion mistake hidden inside SpaceX's blockbuster IPO

SpaceX's record-shattering IPO left $16.7 billion on the table—and the company is burning through cash fast enough that every dollar counts.

Fortune

Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $472 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Over 283 Million WLD Tokens

EASTON, Pa., June 18, 2026 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its growing position across digital assets and strategic investments in leading private technology companies. As of June 17, 2026, at 7:30 p.m. ET, ORBS' holdings…

AAP

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The Times of India

Wall Street veteran father, orthodontist mother: How Indian-American Aman Sanger's parents shaped his billion-dollar career

Long before Aman Sanger became one of the youngest billionaires in the artificial intelligence industry, the foundations for his success were being laid at home.

The Economic Times

Two techies from India and Pakistan built an AI startup - Now both are billionaires thanks to Elon Musk. Here's all about Aman Sanger and Sualeh Asif

Two young entrepreneurs, Aman Sanger from India and Sualeh Asif from Pakistan, have joined the billionaire ranks. Their company, Cursor, a popular AI coding assistant, was reportedly acquired by Elon Musk for $60 billion. This deal is expected to net each of them around $2.7 billion. Cursor, founded in 2022,…

The Times of India

Who is Aman Sanger? Indian-American MIT graduate whose AI startup could boost his net worth to $2.6 billion after Cursor's $60 billion SpaceX deal

At just 25, Aman Sanger has gone from an MIT student and squash enthusiast to one of the youngest billionaires in the AI industry, thanks to the meteoric rise of AI coding startup Cursor and its $60 billion acquisition by SpaceX.

International Business Times UK

Elon Musk's SpaceX Is Buying Cursor For 60 Billion Making Four Young Friends Billionaires

SpaceX acquires AI startup Cursor for $60 billion, enhancing its position in enterprise AI. The deal highlights Musk's vision for software's role in SpaceX's future.

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Fortune

OpenAI’s balance sheet remains the most mysterious—and consequential—in business

A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough.

Euronews

SpaceX overtakes Amazon to become the world's fifth most valuable company

Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world's fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.

International Business Times UK

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

International Business Times UK

Amazon Dethroned: SpaceX Is Worth More Than the Retail Giant Despite Generating Just a Fraction of Its Revenue

Elon Musk's SpaceX has surpassed Amazon in global wealth rankings after a record-breaking IPO and a $60 billion AI acquisition, raising questions about its long-term profitability.

The Economic Times

Inside Cursor's journey to a $60 billion deal with Elon Musk’s SpaceX

SpaceX has acquired AI coding assistant Cursor for $60 billion in an all-stock deal, significantly bolstering its AI ambitions. This move positions SpaceX strongly in the AI coding tools segment, competing with giants like OpenAI and Anthropic. Cursor, cofounded by Indian-origin entrepreneur Aman Sanger, boasts substantial annual revenue and a…

MarketBeat

Gravity Check: Houston, SpaceX Has a Valuation Problem

The recent public debut of the dominant orbital launch provider has engineered localized market euphoria and sparked investor interest in satellite networks.

International Business Times UK

Who Is Michael Truell? The 25-Year-Old Cursor CEO Behind Spacex's $60 Billion Deal Option

Cursor CEO sold his AI coding startup to SpaceX for $60bn. The MIT dropout became Silicon Valley's fastest-rising tech entrepreneur but tech community is divided over this record-breaking acquisition.

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