Reuters
• Akash Sriram, Suzanne McGee
SpaceX has completed a reported $60 billion acquisition of AI coding startup Cursor, expanding Elon Musk’s competitive push against Anthropic and OpenAI. Separately, Alphabet’s investment in SpaceX has grown from $900 million in 2015 to an estimated $94 billion following the rocket company’s reported $86 billion IPO.
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SpaceX has completed a reported $60 billion acquisition of AI coding startup Cursor, expanding Elon Musk’s competitive push against Anthropic and OpenAI. Separately, Alphabet’s investment in SpaceX has grown from $900 million in 2015 to an estimated $94 billion following the rocket company’s reported $86 billion IPO.
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A regulatory filing shows Elon Musk held a 48.4% stake in SpaceX as of June 30, valued at more than $900 billion at current market prices. The disclosure follows SpaceX’s record $85.7 billion IPO and highlights Musk’s dominant control as the company expands across rockets, AI and space-based computing.
Joby Aviation plans to acquire Resonant Sciences for $500 million, establishing the company as Joby’s dedicated defense business. Resonant will house Joby’s hybrid-electric and autonomous projects, creating a formal separation between its commercial and defense-oriented VTOL activities.
Virgin Atlantic CEO Corneel Koster discusses the airline’s approach to artificial intelligence, loyalty and personalization, while arguing that people and customer experience remain central to its competitive differentiation. The interview highlights how carriers are balancing technology-led efficiency with the human element of premium travel.
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SpaceX’s shares rebounded toward $150 after surviving the Aug. 6 expiration of its first post-IPO lockup, helping drive a reported $500 billion rally. The company is also moving toward closing its proposed $60 billion all-stock acquisition of Anysphere, developer of the AI coding platform Cursor.
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China’s Wenchang Space Launch Site marked its 50th launch at the end of July, even as it suffered a third launch failure this week. The setbacks come alongside expanding activity across China’s launch sites, including deployments of AI-enabled and in-space computing satellites and preparations for a lunar south pole mission.
Joby Aviation is partnering with an artificial-intelligence company to develop vertiports, linking the eVTOL developer’s aircraft commercialization plans with the digital systems and infrastructure needed to support future air-taxi operations. The announcement highlights vertiport development as a parallel requirement alongside aircraft certification and production.
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