Reuters
• Akash Sriram, Suzanne McGee
SpaceX has completed its reported $60 billion acquisition of AI coding startup Cursor, while Alphabet’s initial $900 million investment in the rocket company is now worth approximately $94 billion following SpaceX’s $86 billion June IPO. Alphabet is now SpaceX’s largest institutional shareholder.
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Boeing’s decision to sell Wisk Aero is being viewed by analysts as a targeted effort to exit a struggling, non-core air-taxi business rather than the start of another divestment wave. The move reflects the aerospace giant’s focus on its broader turnaround priorities.
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SpaceX has completed its reported $60 billion acquisition of AI coding startup Cursor, while Alphabet’s initial $900 million investment in the rocket company is now worth approximately $94 billion following SpaceX’s $86 billion June IPO. Alphabet is now SpaceX’s largest institutional shareholder.
CesiumAstro is acquiring Jariet Technologies, a semiconductor specialist, to expand its in-house technology capabilities as the phased-array antenna company advances plans for a future communications constellation. The deal strengthens CesiumAstro’s vertical integration across antenna and semiconductor technologies.
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.
Embraer confronted what it viewed as an existential crisis in 2017 before charting a recovery after merger plans with Boeing. This first installment examines the Brazilian manufacturer’s strategic turning point and the corporate decisions that shaped its path forward.
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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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Pegasus, Philippine Airlines and Thai Airways reported weaker second-quarter or first-half earnings as elevated fuel costs and Middle East-related disruption weighed on results. Separately, Turkish regulators approved Pegasus’ acquisition of Smartwings Group, expanding its European footprint amid a more challenging operating environment.
The proposed merger between Indonesian airlines Pelita Air and Garuda Indonesia remains under review, with the transaction’s structure still being evaluated. The development signals that the parties have not yet finalized how the combination would be organized.
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