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The Latest Breaking News from Cursor

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…

The Economic Times

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.

MarketBeat

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.

International Business Times UK

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Elon's super currency: SpaceX' surging stock paid for the $60 billion Cursor acquisition in just a few hours of trading

SpaceX's stock appreciated by the entire $60 billon price of Cursor in just a matter of hours on its first day of trading, showing the power of Elon Musk's new acquisition supercurrency.

Fortune

Elon Musk’s SpaceX to buy AI coding firm in $60bn deal as valuation rockets after IPO

The deal will see Musk’s spaceflight and technology business take over Anysphere, the San Francisco-based company behind the coding platform Cursor

The Independent UK

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

Fortune

SpaceX strikes £45bn deal for AI coding firm as valuation rockets after IPO

Shares in SpaceX have rocketed since its hotly-anticipated IPO on Friday and news of the acquisition helped fuel a fresh uplift.

Evening Standard

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SpaceX To Acquire AI Coding Startup Anysphere In $60 Billion Deal

SpaceX has agreed to acquire Anysphere, the company behind the coding platform Cursor, in a deal valued at $60 billion.

International Business Times

SpaceX overtakes Amazon to become world’s fifth most valuable company

Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor

The Guardian - UK

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

SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut. The acquisition hands xAI's Grok a foothold in AI coding tools, tapping Cursor's $2 billion annualized revenue and rapid enterprise adoption. Closing is expected in Q3 2026. Now…

The Economic Times

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The Economic Times

Crude oil prices fall again, while US stocks drift near their all-time highs

Oil prices are sinking again and dipped below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high

AAP

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Fortune

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Euronews

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AAP

Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war

Markets on Wall Street leaned toward modest gains before the opening bell Tuesday and oil prices fell again following the U.S. and Iran's announcement a day earlier that they had a reached a tentative deal to end their conflict

AAP

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

The Economic Times

SpaceX to acquire AI coding company Cursor for $60 billion

SpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster SpaceX's enterprise AI market presence, following its recent blockbuster IPO. The deal, expected by Q3 2026, could significantly boost xAI's capabilities.

The Economic Times

AI coding startup Cursor, courted by SpaceX, picks London as European hub

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April ‌it had ⁠secured an ⁠option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for…

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Fortune

A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history

A SpaceX-Tesla merger could be the endgame.

The Economic Times

AI coding startup Cognition raises $1 billion at $26 billion value

AI startup Cognition has secured over one billion dollars in a new funding round. This brings its valuation to a massive twenty-six billion dollars. Their AI agent, Devin, automates programming for engineers. This funding highlights strong investor interest in AI for software development. Cognition plans to use the funds to…

Fortune

SpaceX's IPO filing is full of surprises

SpaceX’s long-awaited IPO prospectus was revealing. Here are some key takeaways.

The Economic Times

Microsoft eyeing startup deals for life after OpenAI

Microsoft is actively seeking AI startups for potential acquisitions. This move aims to bolster its AI talent and develop a cutting-edge AI model independently. The company is reportedly in discussions with Inception, a startup focused on novel large language model development.

LiveScience

'I violated every principle I was given': AI agent deletes company's entire database in 9 seconds, then confesses

An AI agent designed to speed up a company's coding instead wiped out its customer data in seconds, showing potential weaknesses in AI programming.

Tom’s Hardware

Claude-powered AI coding agent deletes entire company database in 9 seconds — backups zapped, after Cursor tool powered by Anthropic's Claude goes rogue

After the company database was wiped in just 9 seconds, the founder of PocketOS penned a social media post to warn others about the 'systemic failures' of flagship AI and digital services providers.

Euronews

Elon Musk's xAI discussed partnership with Mistral to try and rival OpenAI and Anthropic, report

Musk's xAI eyed Europe's AI giant Mistral in a bid to challenge OpenAI and Anthropic, according to a report.

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