SpaceX Offers $60B for Cursor With $10B Upfront AI Collaboration Fee
SpaceX has offered $60 billion for Cursor plus a $10 billion upfront AI collaboration fee, preempting Cursor's planned $50 billion fundraise hours before it was due to close.
SpaceX has offered $60 billion for Cursor plus a $10 billion upfront AI collaboration fee, preempting Cursor's planned $50 billion fundraise hours before it was due to close.
AngelList's new USVC fund is open to all U.S. investors regardless of accreditation, charges a flat 1% fee with no carry, and already holds stakes in xAI, OpenAI, Anthropic and four other private companies.
Alameda bought 5% of Cursor's parent Anysphere for $200K in 2022. The FTX bankruptcy estate sold the stake in 2023 for the same $200K — worth roughly $3B at SpaceX's new $60B buyout offer.
On April 22, Hive Digital raised $115M via convertible notes for GPUs, and Keel Infrastructure closed its Paraguay mining facility sale for $13M, funneling proceeds into HPC/AI pipeline build-out.
OpenAI has hired six senior marketing executives from Coinbase over the past 18 months, including former Coinbase CMO Kate Rouch, who became OpenAI's first CMO in 2024.
OpenAI released Privacy Filter, a 1.5B-parameter Apache 2.0 model that masks 8 categories of sensitive data locally before content leaves the device — 96% accurate on PII-Masking-300k.
OpenAI introduced Workspace Agents — persistent cloud-based assistants in ChatGPT that run on schedules or triggers, connect to external apps, and retain context across projects.
Google's new TPU 8t for training and TPU 8i for inference promise 3× faster training and 80% better price-performance vs. prior generation, supplementing — not replacing — Nvidia GPUs.
Alphabet CEO Sundar Pichai announced capex of $175–$185 billion for 2026 to power autonomous AI agents, nearly 6× the company's 2022 spend.
Under the partnership, SpaceX can buy the AI coding startup later in 2026 for $60B. If it walks, Cursor collects $10B for the joint work. Context: Colossus (1M H100-equivalent) meets Cursor's dev distribution.
No blog post, no Altman tweet. API telemetry flagged a new model running at production scale — and crypto prediction markets are already betting on the release date.
Singapore custody veteran Cobo launches an MPC-backed wallet that lets AI agents trade and pay on-chain without ever holding a full private key.