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Why SpaceX Spent $60 Billion On An AI Coding Tool Losing Share
SpaceX is buying Cursor maker Anysphere for $60 billion in stock, handing xAI the enterprise product it lacked. Here is why the deal happened, why Cursor sold, and the cap-table and model conflicts hiding inside it.
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forbes.com
SpaceX Strikes Deal To Buy Cursor For $60 Billion
SpaceX and Cursor had agreed to a deal earlier this year that gave the rocket company an option to buy the AI firm.
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SpaceX Buys Cursor In Largest Startup Acquisition Ever At $60 Billion
SpaceX exercised its option to buy Cursor for $60 billion in all stock, the largest startup acquisition ever, arming xAI and Grok against rivals Anthropic and OpenAI.
