Plus, Gavin Newsom takes a pro-tech stance on data centers & starts to emerge as a pragmatist

It's the largest acquisition ever of a VC-backed startup

Just two trading days after its IPO, Elon Musk's SpaceX is buying AI coding startup Anysphere. The deal is meant to help the struggling xAI division catch up with Anthropic and…

Since the IPO, SpaceX shares have climbed more than 56% from the $135 offer price, briefly pushing SpaceX past Amazon to become the world's fifth most valuable...

Elon Musk Is Unleashing SpaceX's New War Chest to Solve His AI Problem

Bill Ackman and Chamath react to SpaceX's $60B Cursor acquisition, revealing why the market will pay massive premiums for AI applications.

Plus: Apple, Google, Meta, Palantir, Snap, xAI, Z.ai.

Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers. | World News

SpaceX, OpenAI, and Anthropic could generate billions in California taxes. But single-trigger RSUs, tender offers, and buy-borrow-die strategies are limiting the take.

Achieving the largest IPO in history wasn’t the only record that SpaceX set. It’s now agreed to complete the largest acquisition of a venture-backed startup in history, its $60…

By Christine Ji and William Gavin

Plus, Gavin Newsom takes a pro-tech stance on data centers & starts to emerge as a pragmatist

SpaceX will move forward with its US$60-billion acquisition of artificial intelligence (AI) start-up Cursor as Elon Musk's space exploration and AI company seeks a competitive…