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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. SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to […]
SpaceX reveals plans for what could be the biggest-ever initial public offering
NEW YORK | Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars year. A filing shows that his SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at […]