SpaceX acquired Cursor's parent company for $60 billion, gaining a coding tool linked to prior Russian hacker breaches affecting seven firms. Though these attacks happened before SpaceX's ownership, the company now faces the challenge of fixing security flaws in a product it didn't build and cannot fully control. The incident raises trust concerns as OpenAI ends its partnership with Cursor, and SpaceX must improve safeguards to maintain customer confidence and justify the high valuation. Despite this, Cursor remains a small part of SpaceX's vast business, which continues to grow strongly.
SpaceX stock gained 30% in August and is now above its IPO price. On September 9, a share unlock will increase the tradable supply by 319 million shares, raising the free float to 17.7%. ChatGPT predicts SpaceX shares will likely trade between $120 a...
OpenAI announced it will end access to its AI models for Cursor, following SpaceX's $60 billion acquisition of the AI coding startup. OpenAI cited concerns over SpaceX's compliance with contract terms based on past disputes with Elon Musk's companies...
OpenAI has cut off access to its AI models for Cursor following SpaceX's $60 billion acquisition of the coding platform, escalating the long-standing feud between OpenAI CEO Sam Altman and Elon Musk. OpenAI cited concerns over contract violations by ...
SpaceX stock has surged about 26% since late July, recovering from a dip below its IPO price after the company reported strong second-quarter results. Revenue hit $7.8 billion, up 92% year-over-year, driven mainly by Starlink's $4 billion revenue and...
SpaceX reported strong Q2 results with revenue up 92% to $7.8 billion and adjusted EBITDA nearly tripling. The number of Starlink subscribers doubled to 12 million, highlighting rapid growth in its Connectivity segment, which is highly profitable. Ho...
