The Latest Breaking News from Cursor

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 · Jun 16

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 · Jun 16

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 · Jun 16

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

AAP · Jun 16

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 · Jun 16

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…

The Economic Times · Jun 9

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.

Fortune · Jun 4

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…

The Economic Times · May 27

SpaceX's IPO filing is full of surprises

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

Fortune · May 21

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.

The Economic Times · May 14