Elon Musk's SpaceX Strikes Deal for the Right to Buy AI Coding Startup Cursor for $60 Billion

Elon Musk's SpaceX said it secured the right to buy AI coding startup Cursor for $60 billion, or pay Cursor $10 billion for work together. The deal marks another expensive move for SpaceX, as the company prepares to go public later this year.
Forbes

SpaceX Bets $60 Billion On Cursor AI. The Real Winner Is A Surprise.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. SpaceX, the rocket company that now owns xAI and the Colossus supercomputer, has struck a deal giving it the option to acquire AI coding startup ...
CoinDesk

FTX sold its Cursor stake for $200,000 in 2023. It would be worth $3 billion today

SpaceX's agreement to acquire AI coding startup Cursor at a $60 billion valuation has retroactively turned a routine bankruptcy asset sale by FTX's estate into one of the largest missed recoveries in crypto history.
AOL

Cursor's most important AI features started as side projects engineers built themselves, says its engineering head

Some of Cursor's biggest AI features were bottom-up projects started by its engineers, says Jason Ginsberg.Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images Some of Cursor's most important AI features didn't come from a formal road map.
CNBC

AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation

Cursor announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation. The startup built a popular AI coding tool that helps software developers generate, edit and review code. Cursor said it has crossed $1 billion in ...