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Elon Musk's ******* eX (NASDAQ:SPCX) closed its $60 billion all-stock purchase of Cursor on Friday, sealing a deal it struck just weeks after pulling off the biggest IPO in history.
Cursor announced the close on X and said in a blog post that the acquisition gives it access to what it called the world's largest GPU fleet, pointing to this week's Grok 4.6 release as an early sign of what the combination can produce.
So why would a rocket and satellite company pay $60 billion for a coding tool?
According to ******* ysts, Cursor hands Musk something particularly valuable: a huge base of professional developers, established enterprise distribution and a stream of developer data that may make his AI models better.
#cursor #benzinga #grok
Elon Musk's ******* eX (NASDAQ:SPCX) closed its $60 billion all-stock purchase of Cursor on Friday, sealing a deal it struck just weeks after pulling off the biggest IPO in history.
Cursor announced the close on X and said in a blog post that the acquisition gives it access to what it called the world's largest GPU fleet, pointing to this week's Grok 4.6 release as an early sign of what the combination can produce.
So why would a rocket and satellite company pay $60 billion for a coding tool?
According to ******* ysts, Cursor hands Musk something particularly valuable: a huge base of professional developers, established enterprise distribution and a stream of developer data that may make his AI models better.
#cursor #benzinga #grok
11 hours ago
