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SpaceX Taps $86B Post-IPO Cash for AI Push With Cursor Deal, GPU Rentals

  • Infra & Chips
  • Funding & M&A
  • Software Dev & Coding

SpaceX is deploying roughly $86 billion in cash secured after its IPO to strengthen its AI business, acquiring the AI coding tool Cursor and renting out data center capacity. Elon Musk has framed the moves as a comeback effort after acknowledging that the company's AI development trails OpenAI, Anthropic and Google.

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