Musk’s SpaceX buys AI coding start-up for $60 billion days after IPO

Source: BBC News [UK state media]

“SpaceX has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO). Elon Musk’s rocket company will take over Anysphere, which makes the artificial intelligence coding agent. The move comes after SpaceX joined New York’s tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn. … Like OpenAI and Anthropic, Cursor’s technology uses AI to automate the process of writing code, one of the most prominent current uses for artificial intelligence.” (06/16/26)

https://www.bbc.com/news/articles/cvgd5g7d7gyo