SpaceX Spends $60 Billion To Buy An AI Coding Startup

SpaceX announced on Tuesday that it has agreed to purchase Anysphere, the San Francisco-based company behind the popular AI-powered coding tool Cursor, in a $60 billion deal. The transaction marks a significant step in the rocket company’s push into enterprise artificial intelligence following its recent initial public offering. The acquisition comes days after SpaceX completed […]

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Iran war forces European interest rate cut, SpaceX to go public tomorrow, Investigators seek Ebola’s patient zero

European bank hikes interest rates as Iran war hits prices

****The European Central Bank became the first G7 central bank today to raise interest rates to counter the economic fallout from inflation induced by the war in Iran. In its first rate hike since 2023, the central bank raised interest rates by a quarter point to 2.25%. Higher prices are pushing up inflation worldwide, and…

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Wall Street is not ready for tokenized SpaceX shares

Kraken is preparing to bring tokenized SpaceX shares to crypto traders through its xStocks platform, allowing eligible users in more than 110 countries to trade around the clock. The move could challenge how traditional Wall Street markets operate while raising questions about regulation, ownership rights, and the future of tokenized equities.

Anthropic prepares for blockbuster public offering

The maker of the large-language model Claude became the latest AI giant to file to go public, following a similar move by SpaceX. OpenAI is likely to follow suit. Anthropic’s market debut could arrive as soon as this fall. It’s not clear, though, how many shares it will offer to the public, but the IPO is set to make the company worth above $1 trillion. Separately, Anthropic on Tuesday…

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Who will win the new space race?

Just two days after NASA unveiled plans for a permanent base near the Moon’s south pole, Blue Origin – one of the private companies hired to be part of the project – suffered a spectacular setback. On May 28, the Jeff Bezos -owned company’s test rocket exploded in Florida, badly damaging its launchpad, which could take years to repair. No one was injured, but the failure brought the…

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SpaceX, the sprawling company targeting the stars, Mars and an IPO

Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and colonizing Earth’s neighboring planet. Today the company is sprawling, a dominant force in the commercial space industry that is contracting with NASA in a bid to send a crewed mission to the Moon. It’s also behind the satellite internet […]

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FCC Approves DISH’s Sale of Spectrum from EchoStar to SpaceX and AT&T in $40 Billion Deal

The U.S. Federal Communications Commission has approved a significant transaction that will reshape the wireless and satellite communications landscape. EchoStar Corporation is divesting substantial portions of its wireless spectrum holdings in a deal valued at approximately $40 billion, with portions going to SpaceX and AT&T. This move is expected to enhance nationwide connectivity, accelerate…

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Musk’s SpaceX strikes data center deal with Anthropic

AI startup Anthropic announced Wednesday it has agreed to a major computing partnership with Elon Musk’s SpaceX, securing access to a vast data center as the Claude maker scrambles to keep pace with surging demand for its AI services. Under the deal, Anthropic will use all of the compute capacity at SpaceX’s Colossus 1 data […]

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SpaceX partners with AI startup Cursor, may buy it for $60 bn

SpaceX on Tuesday announced a partnership with AI coding company Cursor, saying the alliance comes with an option to buy the startup for $60 billion later this year. The move by Elon Musk’s rocket and satellite company comes as it prepares to become publicly traded, and shortly after it took over the billionaire’s artificial intelligence […]

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