business
Musk's SpaceX buys AI coding start-up for $60bn days after IPO
Key takeaways
- Archie Mitchell Business reporter Reuters Space X has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO).
- Elon Musk's rocket company will take over Anysphere, which makes the artificial intelligence coding agent.
- The move comes after Space X joined New York's tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn.
Archie Mitchell Business reporter Reuters Space X has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO).
Elon Musk's rocket company will take over Anysphere, which makes the artificial intelligence coding agent.
The move comes after Space X joined New York's tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn.
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