SpaceX nears deal with Cursor
· Axios
SpaceX said Tuesday it agreed to a deal with AI coding startup Cursor that could result in an acquisition or $10 billion investment.
Visit esporist.org for more information.
Why it matters: The deal underscores CEO Elon Musk's push to make SpaceX into an AI powerhouse ahead of its potential IPO, which could be the largest in history.
Driving the news: Cursor, the original vibe coding startup, has raised more than $3 billion and has recently been in talks to secure additional funding.
- SpaceX acquired xAI, Musk's other AI startup, in February.
- That transaction valued the combined company at $1.25 trillion, according to the New York Times.
What we're watching: If the deal goes through, it could signal that SpaceX is willing to keep spending aggressively to bulk up on AI goodness before public investors get a say in its valuation.