TNB Tech Minute: SpaceX to Buy Coding Agent Cursor for $60 Billion

Speaker 10:00

Many companies are struggling to scale their AI deployments or even move them past the pilot stage. Often the problem isn't technology, but organizational misalignment around goals, processes, and incentives. At the break, join Caroline Roach, a senior partner at IBM Consulting, to learn why.

Imani Moise· Host0:14

[upbeat music] Here's your morning TNB Tech Minute for Tuesday, June 16th. I'm Imani Moise for The Wall Street Journal. SpaceX is buying Cursor parent AnySphere for sixty billion dollars, striking a massive deal for an autonomous coding agent that could help the company catch up with its AI rivals after its blockbuster IPO. According to a filing released today, Cursor will receive sixty billion dollars worth of SpaceX stock under the agreement. In April, SpaceX said that it had secured the right to buy Cursor. The company said at the time it was working closely with Cursor on coding and AI. SpaceX's deal for Cursor is expected to close in the third quarter of twenty twenty-six. In other Musk related news, a California judge has dismissed a lawsuit from xAI that accused OpenAI of trying to steal trade secrets. The judge ruled that Elon Musk's AI company, which is now a part of SpaceX, didn't prove OpenAI poached a former engineer to get information about its Grok chatbot, and she barred the company from pursuing the case further. OpenAI says the lawsuit was part of an ongoing campaign of harassment by Musk, who lost a separate legal battle against OpenAI and its founders last month. And DeepSeek is now China's most valuable AI startup. People familiar with the matter