SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
The deal is supposed to help SpaceX’s struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
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How SpaceX preempted a $2B fundraise with a $60B buyout offer
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion “collaboration fee” and a path to a $60 billion acquisition.
Sources: Cursor in talks to raise $2B+ at $50B valuation as enterprise growth surges
Returning backers a16z and Thrive are expected to lead the round.
Cursor admits its new coding model was built on top of Moonshot AI’s Kimi
Building on top of a Chinese model feels particularly fraught right now.
Cursor is rolling out a new kind of agentic coding tool
Called Automations, the new system gives users a way to automatically launch agents within their coding environment, triggered by a new addition to the codebase, a Slack message, or a simple timer.
Cursor has reportedly surpassed $2B in annualized revenue
The four-year-old startup saw its revenue run rate double over the past three months, according to one Bloomberg source.
As Lovable hits $200M ARR, its CEO credits staying in Europe for its success
Lovable CEO Anton Osika said he credits ignoring advice to move to Silicon Valley for the AI coding company’s success.