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SpaceX just agreed to buy AI coding startup Cursor for $60 billion. Here's what the blockbuster deal means for Elon Musk's battle with Anthropic and OpenAI.
"I am not involved with SpaceX now. Neither short nor, ahem, long," Burry wrote in a tongue-in-cheek allusion to his misgivings about the company.
The deal will help to bolster the company's efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.
SpaceX says the grid can't power AI, so it's betting on space. But its Colossus computers run on contested gas turbines the Justice Department now defends.
Shares in Elon Musk’s SpaceX have been on a tear, giving the rockets and artificial intelligence company financial resources to box out competitors.
Cursor, which started in 2022, helped spark a trend called “vibe coding” as AI coding assistants have become increasingly capable of doing the work of computer programming.
SpaceX's share price is set to open Monday more than 5% higher, adding a further $100 billion to its $2.1 trillion valuation.
