SpaceX is officially buying Cursor for $60 billion
Days after its massive IPO, SpaceX says it is spending $60 billion to buy Cursor - a bet designed to help Elon Musk's sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI. The takeover was not entirely unexpected: SpaceX announced a peculiar arrangement in April in which it agreed to either acquire the programming platform for $60 billion or pay a $10 billion breakup fee. The company had
Get smart on it
The lesson for this story is being written.
Related news
Oracle’s 21,000 layoffs help drive its debt-fueled AI investments
The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday. In its annual regulatory filing for the fiscal year ending May 31, Oracle said it has 141,000 full-time employees. In its 2025 filing, Oracle said it had 162,000 employees. The reported 12.9 percent reduction followed March reports of mass layoffs at the database management software company. "[T]he adoption and deployment of AI technologies across
Fika Jobs raises $4M to build a video-first hiring platform where AI agents interview candidates
Stockholm-based startup Fika Jobs is building a video-first hiring platform that combines AI interview agents with short-form video profiles, creating something that feels like a cross between LinkedIn and TikTok.
