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.
Related News
Jun 17, 2026
Anthropic Forced to Pull Fable 5 AI Model After White House Export Ban
The Trump administration forced Anthropic to disable its newest Fable 5 and Mythos 5 AI models after Amazon flagged a jailbreak vulnerability. The unprecedented export control order is sending shockwaves through the AI industry, accelerating open-source adoption and raising existential questions for builders who rely on closed models.
Jun 16, 2026
Anthropic Sued Over Claude Max Pricing as Frontier AI Costs Spark Consumer Backlash
A new class action lawsuit alleges Anthropic misled consumers about token allowances on its $100/month Claude Max 5x and $200/month Max 20x plans, claiming actual limits are much lower than advertised. The suit, filed in Northern California, arrives as AI pricing becomes an existential concern across the industry.
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.