SpaceX announced it will acquire Anysphere, the parent company of AI code-writing startup Cursor, for $60 billion in an all-stock deal expected to close in Q3. This move follows SpaceX's record-breaking IPO and aligns with Elon Musk's growing focus on AI, including his ventures with xAI and plans for an AI chip plant. Cursor, founded in 2022, faced growth limits due to computing power access, which SpaceX's infrastructure will now support. The acquisition strengthens Musk's AI ecosystem and leverages Cursor's technology and investor backing.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
