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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 months ago

SpaceX is buying Cursor for $60 billion

www.businessinsider.com

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SpaceX is buying Cursor for $60 billion

www.businessinsider.com

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 months ago
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SpaceX is buying AI coding startup Cursor for $60 billion
www.businessinsider.com
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Elon Musk's rocket company announced on Tuesday that it had exercised its option to buy AI coding startup Cursor for $60 billion.
  • 🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.works
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    4 months ago

    There goes all the money raised in the IPO.

    • wewbull@feddit.uk
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      4 months ago

      I bet it will be a stock deal.

    • tekato@lemmy.world
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      4 months ago

      It’s a stock deal. At $2.5 Trillion valuation I’d say this is chump change.

    • Buffalox@lemmy.world
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      4 months ago

      AFAIK it’s less than 10%. But it’s a start. 🤣🤣🤣

      • AirBreather@lemmy.world
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        4 months ago

        The IPO reportedly raised $85 billion

        Valuation (which is where that “over $1 trillion” comes from) is a different thing entirely

        • Buffalox@lemmy.world
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          4 months ago

          Yes of course you are right, my bad.
          The 1 trillion is an extrapolation.

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