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The Latest Breaking News from Cursor

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The Economic Times

Crude oil prices fall again, while US stocks drift near their all-time highs

Oil prices are sinking again and dipped below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

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SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war

Markets on Wall Street leaned toward modest gains before the opening bell Tuesday and oil prices fell again following the U.S. and Iran's announcement a day earlier that they had a reached a tentative deal to end their conflict

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

SpaceX to acquire AI coding company Cursor for $60 billion

SpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster SpaceX's enterprise AI market presence, following its recent blockbuster IPO. The deal, expected by Q3 2026, could significantly boost xAI's capabilities.

The Economic Times

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AI coding startup Cursor, courted by SpaceX, picks London as European hub

AI coding startup Cursor, courted by SpaceX, picks London as European hub

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April ‌it had ⁠secured an ⁠option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for…

The Economic Times

A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history

A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history

A SpaceX-Tesla merger could be the endgame.

AI coding startup Cognition raises $1 billion at $26 billion value

AI coding startup Cognition raises $1 billion at $26 billion value

AI startup Cognition has secured over one billion dollars in a new funding round. This brings its valuation to a massive twenty-six billion dollars. Their AI agent, Devin, automates programming for engineers. This funding highlights strong investor interest in AI for software development. Cognition plans to use the funds to…

The Economic Times

SpaceX's IPO filing is full of surprises

SpaceX's IPO filing is full of surprises

SpaceX’s long-awaited IPO prospectus was revealing. Here are some key takeaways.

Microsoft eyeing startup deals for life after OpenAI

Microsoft eyeing startup deals for life after OpenAI

Microsoft is actively seeking AI startups for potential acquisitions. This move aims to bolster its AI talent and develop a cutting-edge AI model independently. The company is reportedly in discussions with Inception, a startup focused on novel large language model development.

The Economic Times

'I violated every principle I was given': AI agent deletes company's entire database in 9 seconds, then confesses

'I violated every principle I was given': AI agent deletes company's entire database in 9 seconds, then confesses

An AI agent designed to speed up a company's coding instead wiped out its customer data in seconds, showing potential weaknesses in AI programming.

Claude-powered AI coding agent deletes entire company database in 9 seconds — backups zapped, after Cursor tool powered by Anthropic's Claude goes rogue

Claude-powered AI coding agent deletes entire company database in 9 seconds — backups zapped, after Cursor tool powered by Anthropic's Claude goes rogue

After the company database was wiped in just 9 seconds, the founder of PocketOS penned a social media post to warn others about the 'systemic failures' of flagship AI and digital services providers.

Tom’s Hardware

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Elon Musk's xAI discussed partnership with Mistral to try and rival OpenAI and Anthropic, report

Musk's xAI eyed Europe's AI giant Mistral in a bid to challenge OpenAI and Anthropic, according to a report.

Windows Central

Microsoft explored buying Cursor before SpaceX lined up a $60 billion deal

Microsoft explored buying Cursor before SpaceX secured a deal that gives it the rights to acquire the AI startup for $60 billion or pursue a $10 billion partnership.

Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

The Godmother of Silicon Valley and her former student want to fix how healthcare gets built

Fail fast, revise, repeat: Esther Wojcicki brings her classroom philosophy to healthcare investing with the launch of Treehub.

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International Business Times UK

SpaceX Offers AI Coding Startup Cursor $60B to Save Elon Musk's Failing xAI Software

SpaceX plans to acquire AI startup Cursor for $50 billion, aiming to enhance its software division and compete with industry rivals. The deal highlights Musk's commitment to advancing AI technology.

SpaceX nears deal with Cursor

The deal underscores Elon Musk's push to make SpaceX into an AI powerhouse ahead of its potential IPO.

Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

China hopes to build a “token economy,” backed by open-source models and real-world AI applications—even as U.S. export controls still hold things back.

Cursor CEO warns vibe coding builds ‘shaky foundations’ and eventually ‘things start to crumble’

Cursor CEO Michael Truell draws a sharp line between AI-assisted coding and “vibe coding”—and warns that skipping the details leads to software that eventually collapses under its own weight.

Your AI agent's headline-grabbing capabilities may mask a serious reliability issue

Most AI vendors don't benchmark for reliability. A new benchmark from Princeton researchers does.

The rise and uncertain future of $29 billion AI coding startup Cursor

It counts 67% of the Fortune 500 as clients—but still may not survive the AI age.

Elon Musk admits xAI 'wasn't built right' as only 2 co-founders remain and its biggest AI bet stalls out

Nine of xAI's 11 original co-founders, not including Musk, have left the company.

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