SpaceX, led by billionaire entrepreneur Elon Musk, has made a major move in the tech industry, acquiring Anysphere, the startup behind the AI-powered coding app Cursor, for a staggering $60 billion. The acquisition marks a significant expansion of Musk's xAI, a tech firm focused on developing artificial intelligence capabilities. By adding Anysphere to its portfolio, SpaceX is capitalizing on the growing popularity of AI-powered coding technologies, which have revolutionized the way developers work. The deal is also a major boost for SpaceX, propelling it to a record-breaking market capitalization of $2.8 trillion, surpassing Amazon in the process.
Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisationElon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn (£44bn) and has moved ahead of Amazon in valuation days after its stock market debut.The company has agreed to buy Anysphere, which has capitalised on AI’s success as a coding technology. Continue reading...
