SpaceX buys Cursor for $60B, turning vibe coding into a capital-race overnight
Lovable, Replit, and others are raising billions as Big Tech both bets on and panics about AI-built software.

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Lovable, Replit, and others are raising billions as Big Tech both bets on and panics about AI-built software.
The Aussie mining billionaire just put Hancock Prospecting behind Musk's rocket-and-satellite combo, and markets noticed.
The IPO flips expectations: a rocket company lands among megacaps even while revenue is far smaller.
First-day trading for the aerospace and AI company turned an unprecedented IPO into a $2tn-style market reckoning for public-market readiness.
The IPO priced at $135, surged on Nasdaq and Texas, and immediately rewired how executives think about mega-debuts.
Elon Musk’s company is moving faster toward a market debut that could reset expectations for private space valuations and investor demand.
The Elon Musk company set a target price for buyers earlier than expected, putting a giant private valuation in the market’s spotlight.
A fixed $135 IPO roadshow price would put SpaceX at $1.75 trillion, a milestone that reshuffles how founders, boards, and public-market investors compare private and listed giants.