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SpaceX Acquires Cursor AI In $60 Billion Deal As Coding Agent Race Heats Up

SpaceX Acquires Cursor AI In $60 Billion Deal As Coding Agent Race Heats Up SpaceX has agreed to acquire AI coding startup Cursor for $60 billion, giving Elon Musk's artificial intelligence empire a leg up in the chatbot coding race currently led by frontier AI labs such as OpenAI, Anthropic, and Google. The Cursor acquisition was announced in a SpaceX 8-K filing with the SEC on Tuesday morning. Details of the deal show that Cursor shareholders will receive SpaceX Class A common stock, implying a Cursor equity value of $60 billion. The...
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Mar 21, 2026 / Tyler Durden
New York City Is Spending $81,000 Per Year On Each Homeless Person
New York City Is Spending $81,000 Per Year On Each Homeless Person New York City spent about $368 million last year on services for people living on the streets, which equals roughly $81,000 per unsheltered person, according to the NY Post. Spending through the city’s New York City Department of Homeless Services street outreach programs has increased sharply over the past several years. In 2019, the city spent about $102 million on these services, averaging around $28,000 per unsheltered individual. By the 2025 fiscal year, the average cost had risen to...
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Mar 17, 2026 / Tyler Durden
Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route
Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route Authored by Tsvetana Paraskova via OilPrice.com, The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul Ghani said on Tuesday.  “There is communication with Iran regarding allowing the passage of some Iraqi oil tankers,” the minister said in statements carried by the Iraqi News Agency (INA).  Iraq, unlike Saudi Arabia and the United Arab Emirates (UAE), doesn’t have any options – even partial – to...
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Mar 23, 2026 / Tyler Durden
Trump Says No DHS Funding Without SAVE Act; Deploys ICE To Snarled Airports
Trump Says No DHS Funding Without SAVE Act; Deploys ICE To Snarled Airports Federal immigration agents on Monday showed up to several major airports to help TSA agents manage long lines amid a showdown over funding for the Department of Homeland Security, which oversees the Transportation Security Administration.  The move comes after President Trump floated the idea over the weekend, which was echoed by border czar Tom Homan in a Sunday CNN interview.  "President Trump is using every tool available to help American travelers who are facing hours-long lines at airports across the country—especially...
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