SpaceX has agreed to buy Anysphere, the maker of AI coding assistant Cursor, for $60 billion in stock after its major Nasdaq debut. The deal expands Elon Musk’s company further into AI as it seeks to strengthen xAI and Grok against rivals including OpenAI and Anthropic.
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Fox Corp. said it plans to acquire Roku in a cash-and-stock deal that would expand its streaming and connected TV advertising business. Reports valued the transaction at $22 billion to $25 billion, and Fox said it expects the deal to close in the first half of 2027.
Anthropic disabled access to Fable 5 and Mythos 5 after the U.S. government ordered it to block foreign nationals from using the models over security concerns. The company said the directive was based on a narrow alleged jailbreak and stemmed from “a misunderstanding.”
A federal appeals court rejected Sam Bankman-Fried’s effort to overturn his conviction and 25-year sentence over the collapse of FTX. The panel said prosecutors’ evidence was “robust” and upheld the case against the former crypto billionaire.
Section 702, a major U.S. surveillance authority used to collect foreign intelligence, is set to lapse after Congress failed to pass an extension. Lawmakers disagree over whether existing court approvals will keep the program operating without interruption.
SpaceX raised $75 billion in the largest IPO ever, with shares jumping in their Nasdaq debut and valuing the company above $2 trillion. The listing pushed Elon Musk’s paper net worth past $1 trillion, though analysts questioned the company’s valuation.
SpaceX shares rose sharply in their Nasdaq debut after the company raised $75 billion in the largest IPO on record. The listing values Elon Musk’s company at about $1.77 trillion while analysts question its profitability and AI-driven valuation.