SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter.

It comes just two days after SpaceX's unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI.

Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It's a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features.

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The Justice department says the Pentagon needs xAI to keep using its unpermitted gas turbines.

Days after its massive IPO, SpaceX says it is spending $60 billion to buy Cursor - a bet designed to help Elon Musk's sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI.

The takeover was not entirely unexpected: SpaceX announced a peculiar arrangement in April in which it agreed to either acquire the programming platform for $60 billion or pay a $10 billion breakup fee. The company had been holding off completing the deal while going public.

In an SEC filing, SpaceX said it expects the deal to close during the third quarter of 2026.

Musk has pr …

Read the full story at The Verge.

Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.

SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light …

Read the full story at The Verge.

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire. 

He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa (CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space.

Follow along here for the latest updates.

• SpaceX reportedly rented out Colossus 1 AI data center after it ran into latency issues.
• The world’s first trillionaire is a killer
• Forbes Real-Time Billionaires list adds a trillionaire.
• A trillion dollars is a stupid amount of money
• Elon Musk is the world’s first trillionaire
• SPCX opens at $150 per share.
• SpaceX is now public
• Elon Musk is encouraging race riots on the eve of SpaceX’s IPO
• Here’s the first SpaceX AI data center.
• The SpaceX IPO is great for Elon Musk and terrible for you
• SpaceX gets $4 billion contract to build missile-tracking ‘Golden Dome’ satellites
• In SpaceX’s IPO, Elon Musk is the risk factor
• SpaceX just filed for what could be the biggest IPO ever
• The SpaceX IPO is a trillion-dollar gamble on the future of space
• SpaceX reportedly files for IPO but it’s keeping the numbers secret (for now)
• Why is SpaceX going public?

A empresa espacial de Elon Musk fixou o preço a 135 dólares por ação, numa avaliação de 1,77 biliões de dólares que "pulveriza" todos os recordes anteriores. As ações da SPCX estreiam-se hoje às 14:30 (hora de Portugal continental) no Nasdaq.

The post SpaceX estreia-se hoje na bolsa com o maior IPO da história. Elon Musk pode tornar-se no primeiro trilionário do mundo appeared first on Tek Notícias.

A former xAI engineer is suing the company and SpaceX, alleging he was fired for raising AI safety concerns about Grok days before SpaceX's historic IPO.

Numa semana histórica para o setor da inteligência artificial, a OpenAI submeteu o seu prospeto confidencial à SEC dias depois da Anthropic ter feito o mesmo. A SpaceX prepara-se para começar a negociar na bolsa ainda esta semana. E a Perplexity, imperturbável, mantém o seu plano para 2028.

The post OpenAI entrega documentação oficial e junta-se à Anthropic na corrida à bolsa. Perplexity mantém os planos para 2028 appeared first on Tek Notícias.