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SPACEX ACQUISITION OF XAI
BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.- SpaceX to acquire AI coding company Cursor for $60 billionSpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster Sp...
- Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut....
- Hari Menon exits BigBasket; Sarvam cofounder on fresh fundingBigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.
- What is SpaceX's IPO ticker and where will it be listed as SpaceX stock begins trading today, June 12, in the biggest IPO in history— should investors buy on day one?SpaceX IPO Ticker, Nasdaq Listing and $1.78 Trillion Valuation: The wait is finally over. SpaceX stock began its historic market debut toda...
- Elon Musk Net Worth: From $788,800,000,000 today to a possible $1,000,000,000,000 after SpaceX IPO— How much would each of his 14 children get?Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 billion on June 8, 2026. Some project...
- SpaceX IPO: Elon Musk's AI ambitions fueling space data centers & trillionaire dreamsSpaceX's upcoming IPO, fueled by immense investor demand, could propel Elon Musk to trillionaire status. Beyond its space ambitions, the co...
- SpaceX lowers IPO valuation target to at least $1.8 trillionBloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations...
- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- New York, California pension leaders oppose 'extreme' SpaceX control structureUS pension funds are raising significant red flags regarding SpaceX's imminent entry into the stock market. Leaders from California and New...
- Microsoft eyeing startup deals for life after OpenAIMicrosoft is actively seeking AI startups for potential acquisitions. This move aims to bolster its AI talent and develop a cutting-edge AI...
- Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposedElon Musk has settled a civil lawsuit with the US Securities and Exchange Commission. The case involved his delayed disclosure of initial p...
- At SpaceX, AI is burning the cash that Starlink earnsSpaceX's ambitious IPO plans reveal a pivot towards AI, with significant capital spending allocated to its AI division, xAI. While Starlink...
- At SpaceX, AI is burning the cash that Starlink earnsSpaceX's IPO pitch reveals a significant shift towards AI, with the company's AI division consuming 61% of its 2025 capital spending. Despi...
- $5 billion loss in 2025! Should you still bet on SpaceX IPO?SpaceX IPO narrative intensifies after massive 2025 loss and soaring revenue expansion reportedly. Investors weigh $1.75 trillion SpaceX IP...
- SpaceX posted nearly $5 billion loss in 2025: The InformationSpaceX reported a nearly $5 billion loss in 2025 despite strong revenue, partly due to its acquisition of xAI. The company remains profitab...
- xAI CFO Anthony Armstrong leaves the company: ReportAnthony Armstrong, xAI's Chief Financial Officer, has left the company. This departure is part of a larger trend of senior staff exits. Arm...
- SpaceX's business and finances: Rockets, satellite communications and budding AISpaceX is gearing up for a massive stock market debut, potentially the largest ever. The Elon Musk-led company is known for its rocket laun...
- Explained: Why Elon Musk merged his space and AI businesses to create a $1.25 trillion behemothSpaceX has acquired xAI in a deal that rolls all of xAI’s equity into SpaceX, making xAI a wholly owned subsidiary under the SpaceX corpora...
- SpaceX acquires xAI in landmark deal as Elon Musk merges tech giants for AI and space dominanceSpaceX has acquired AI startup xAI, merging two of Elon Musk's ventures into the world's most valuable private company. This strategic move...
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