Elon Musk is known for building companies from scratch or joining them at a very early stage. But he is not known for acquisitions, certainly not for strategic reasons. In 2022, Musk bought Twitter (now called X) for $44 billion to amplify his ideas, protect "free speech," and build an "everything app."
This is where ******* eX's impending acquisition of Cursor for $60 billion stands out. Grok — xAI's generative AI platform, which competes with the likes of Anthropic's Claude Code and OpenAI's Codex — has not been able to attract developers to the extent the firm would have desired. That's a gap Musk believes Cursor will fill.
Dear Microsoft Stock Fans, Mark Your Calendars for June 30
Dear Walmart Stock Fans, Mark Your Calendars for June 22
Nothing Seems to Be Going Right for Meta Platforms. How to Play META Stock Here.
This is where ******* eX's impending acquisition of Cursor for $60 billion stands out. Grok — xAI's generative AI platform, which competes with the likes of Anthropic's Claude Code and OpenAI's Codex — has not been able to attract developers to the extent the firm would have desired. That's a gap Musk believes Cursor will fill.
Dear Microsoft Stock Fans, Mark Your Calendars for June 30
Dear Walmart Stock Fans, Mark Your Calendars for June 22
Nothing Seems to Be Going Right for Meta Platforms. How to Play META Stock Here.
5 months ago
