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Jun 17, 2026
SpaceX Acquires Cursor for $60 Billion in First Post-IPO Power Move
SpaceX is buying AI coding startup Cursor for $60 billion in an all-stock deal, its first major acquisition since going public. The deal gives Elon Musk's company access to Cursor's 1 million-plus developers and a foothold in the fast-growing AI coding tools market.
Jun 16, 2026
Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI With Prejudice
A federal judge dismissed xAI's trade secret lawsuit against OpenAI with prejudice, ruling it would be 'futile' for Elon Musk's company to continue. The dismissal marks Musk's second court defeat against OpenAI in four weeks and ends a case that alleged OpenAI sought Grok 4 trade secrets during recruiting.
Jun 16, 2026
SpaceX IPO Makes Musk First Trillionaire as AI Megadeals Reshape the Company
SpaceX pulled off the largest IPO in history at $85.7 billion, vaulting Elon Musk to a $1.3 trillion net worth and making him the world's first trillionaire. But the real story is what the company is becoming: newly revealed AI infrastructure deals with Google and Anthropic, worth over $2 billion per month, position SpaceX as a major hyperscale AI data center provider -- not just a rocket company.