"SpaceX described the partnership as a project combining Cursor's 'product and distribution to expert software engineers' with SpaceX's Colossus supercomputer, which the company claims has the equivalent compute power of a million Nvidia H100 chips."
"SpaceX also said that at some undisclosed point later this year, it will either pay Cursor $10 billion for its work or acquire the company for $60 billion."
"Last week, TechCrunch reported that Cursor was eying a $50 billion valuation in an upcoming private fundraising round."
"Cursor was valued at just $2.5 billion in January of last year, climbed to $9 billion by last May, and was assigned a $29.3 billion post-money valuation when it closed on $2.3 billion in Series D funding in November."
SpaceX has formed a partnership with Cursor to create a next-generation AI focused on coding and knowledge work. The deal includes an option for SpaceX to acquire Cursor for $60 billion later this year. This partnership is seen as a strategic move ahead of SpaceX's anticipated public offering, potentially increasing investor value. Cursor has rapidly increased in valuation, from $2.5 billion to $29.3 billion in less than two years, reflecting its growth in the AI sector.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]