mergers and acquisitions AI News & Updates

SpaceX Acquires Cursor for $60B to Boost xAI-Powered AI Division

June 16, 2026 11:21

SpaceX has agreed to acquire the AI coding startup Cursor in a historic $60 billion stock transaction, closely following the space company's recent IPO. The acquisition aims to revitalize SpaceX's AI division, which inco...

Apple Announces Significant AI Investment Increase and M&A Strategy to Compete in AI Race

July 31, 2025 21:21

Apple CEO Tim Cook announced the company will significantly increase AI investments and is open to mergers and acquisitions to accelerate its AI development plans. The company has already acquired seven AI companies this...