Microsoft Reportedly Eyed Cursor Before SpaceX's $60 Billion Deal— But Chose Not To Proceed - Microsoft (
Microsoft passed on a bid as Cursor drew investor demand, while SpaceX offered $60 billion and compute access to secure the AI coding startup.
- On Tuesday, SpaceX announced an agreement to acquire AI coding startup Cursor for $60 billion by year-end, or pay $10 billion as a partnership alternative.
- Microsoft Corp. previously evaluated a potential bid for Cursor, according to people familiar with the matter, but ultimately chose not to proceed with an acquisition offer.
- While Microsoft's GitHub Copilot faces investor frustration over limited traction, competitors like Anthropic's Claude and OpenAI's Codex are gaining momentum, with Codex reaching 4 million active users.
- Cursor CEO Michael Truell said he is "excited to partner with the SpaceX team to scale up Composer," referring to his company's AI model.
- Elon Musk merged SpaceX with his AI startup xAI in February in a deal valued at $1.25 trillion, while Microsoft's stock has declined 10% this year.
15 Articles
15 Articles
Elon Musk's SpaceX Reaches $60 Billion Deal for Right to Acquire AI Coding Start-up Cursor
Elon Musk's SpaceX has secured an agreement granting it the option to acquire Cursor, a rapidly growing AI coding start-up, for $60 billion as the rocket maker pushes deeper into AI ahead of its hotly anticipated IPO. The post Elon Musk’s SpaceX Reaches $60 Billion Deal for Right to Acquire AI Coding Start-up Cursor appeared first on Breitbart.
Microsoft considered acquiring Cursor before SpaceX locked in $60 billion deal - Tech Startups
Yesterday, we wrote about how SpaceX secured a $60 billion option to acquire Cursor later this year, or pay $10 billion to continue their AI collaboration. Now, a new report from CNBC adds a twist to the story—and it points […] The post Microsoft considered acquiring Cursor before SpaceX locked in $60 billion deal first appeared on Tech Startups.
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