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Silicon Valley software startup office, AI development

SpaceX secures option to acquire AI coding startup Cursor for $60 billion later this year

SpaceX announced it has secured the rights to acquire AI coding startup Cursor for $60 billion later this year or pay $10 billion for collaborative work. The deal reflects growing competition in AI-powered development tools.

CNBC Top News377 h agoTSLA

Tesla misses on revenue but beats on profit as auto margins jump

Tesla beat profit expectations despite missing revenue targets in Q1 2026. Auto gross margins expanded as the company benefited from higher prices and production efficiency gains, offsetting EV market saturation concerns.

CNBC Top News347 h agoTSLA SPX NASDAQ