Spacex

• AI coding startup Cursor agreed to a $60 billion conditional takeover from SpaceX last month but is keeping distance from xAI integrations. • Rivals anticipated deeper ties, but Cursor emphasizes operational autonomy post-potential acquisition. • The move highlights tensions in AI ecosystem consolidations amid Elon Musk's overlapping ventures.

California regulators settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executiveCalifornia regulators apologized to the SpaceX CEO, Elon Musk, this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive.As part of the settlement, the California Coastal Commission acknowledged its members made “improper” statements about Musk’s political beliefs at a 2024 hearing on SpaceX’s Falcon 9 launch program. Continue reading...

• SpaceX secured an option to purchase AI coding startup Cursor for $60 billion USD, signaling aggressive expansion into artificial intelligence development tools. • The acquisition option reflects Cursor's prominence in AI-assisted software development, a rapidly consolidating market attracting major technology conglomerates. • The deal underscores SpaceX's strategic pivot toward internal AI capabilities to accelerate software development for space exploration and satellite internet infrastructure.

• SpaceX's Starship completed its 15th integrated flight test on April 21, achieving full-stack booster catch at Starbase, Texas, and a controlled splashdown in the Indian Ocean for the Super Heavy upper stage. • The mission marked the first successful reentry and splashdown of Starship with active thermal management systems, demonstrating technological readiness for crewed lunar missions planned for 2027. • Flight duration extended to 68 minutes with multiple payload bay experiments conducted, including deployment of prototype satellite constellations and in-space refueling demonstrations.

Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk’s firm seeks foothold in the AI marketSpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools.Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. Continue reading...

• SpaceX's Starlink division announced commercial availability of direct-to-cell satellite service to US carriers including T-Mobile, Verizon, and AT&T beginning May 1, 2026, expanding beyond its existing emergency SOS functionality. • The service enables SMS and data connectivity in rural and remote areas where terrestrial networks are unavailable, with initial pricing set at $5 per month for basic coverage and $15 monthly for premium data tiers. • Industry observers note this development challenges traditional carrier infrastructure investments and could accelerate satellite communications adoption, though regulatory approval from the FCC is still pending final confirmation.

Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2 trillionBusiness live – latest updatesSpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace-to-artificial-intelligence group should be valued at $2 trillion.In an unusual move, the company has earmarked a large portion of its shares – potentially up to 30% – for non-professional, non-institutional investors, banking on the popularity of its chief executive, Elon Musk, to help it raise $75bn (about £56bn) in what is expected to be the largest public offering in history. Continue reading...