The FTX bankruptcy estate sold a 5% stake in AI coding startup Cursor for $200,000 in April 2023.That same stake, following SpaceX’s agreement to acquire Cursor at a $60 billion valuation, is now worth approximately $3 billion.

SpaceX's $60B Cursor AI deal isn't just about compute. It's a three-part bet on distribution, the Colossus supercomputer, and the humans behind the code.

Her work explores how new AI technology is infiltrating our lives, shaping the content we consume on social media and affecting the people behind the screens. She graduated from the University of North Carolina at Chapel Hill with a degree in media and journalism.

The rocket company said it will either acquire Cursor later this year or pay $10 billion for their work together

After acquiring xAI, the rocket company says close work in coding partnership could lead to combination.

SpaceX's agreement to acquire AI coding startup Cursor at a $60 billion valuation has retroactively turned a routine bankruptcy asset sale by FTX's estate into one of the largest missed recoveries in crypto history.

Partnering with Cursor could be a crucial step for Elon Musk to get ahead of AI rivals like OpenAI and Anthropic.

Tesla reported an uptick in quarterly revenue and profit, but the costs of pivoting to an AI future are starting to add up. Why it matters: CEO Elon Musk has directed the company to invest heavily in the development and production of humanoid robots,