SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation
Summary
SpaceX is set to buy Anysphere, the company behind the AI coding app Cursor, for $60 billion. After its recent stock market debut, SpaceX's value rose above Amazon’s, making it the fifth most valuable company in the world.Key Facts
- SpaceX will buy Anysphere, which created the AI coding app Cursor, for $60 billion.
- SpaceX recently debuted on the Nasdaq stock market, with shares priced at $135 each.
- Since the debut, SpaceX shares have risen roughly 60%, increasing the company’s value to about $2.8 trillion.
- This new value made SpaceX more valuable than Amazon, which is worth $2.66 trillion.
- Elon Musk, SpaceX’s CEO, became the world’s first trillionaire with a net worth of $1.27 trillion.
- SpaceX owns an AI business called xAI, which will benefit from Anysphere’s AI coding technology.
- The deal will pay Anysphere in stock, not cash, and is planned to finish by the third quarter of 2026.
- SpaceX had an earlier option to buy Anysphere for $60 billion or partner for $10 billion.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.