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Riding High After I.P.O., SpaceX Will Buy A.I. Start-Up for $60 Billion
The New York Times • • business
Key Points:
- Elon Musk is increasingly focusing SpaceX on artificial intelligence, including building orbital data centers and manufacturing AI computer chips.
- SpaceX announced a $60 billion deal to acquire Cursor, an AI startup specializing in tools for writing computer code, following its record-breaking IPO.
- The acquisition of Cursor’s parent company, Anysphere, was part of an April agreement allowing SpaceX to build advanced AI models, signaling Musk's deeper expansion into AI.
- SpaceX’s market capitalization has surged to nearly $2.7 trillion, surpassing Amazon and making Musk the world’s first trillionaire.
- Musk’s AI ventures include founding xAI, which developed the Grok chatbot, merging it with SpaceX, and planning orbital AI data centers valued at $1.25 trillion.
