Fresh off a historic initial public offering, SpaceX announced Tuesday that it has entered a definitive agreement to acquire Anysphere Inc., the parent company of the popular artificial intelligence (AI) coding assistant Cursor, in an all-stock transaction valued at $60 billion. The acquisition cements SpaceX’s sudden transformation into an AI powerhouse, following its merger with Elon Musk’s xAI venture in February. The deal is expected to close in the third quarter of 2026, subject to regulatory approvals. Under the agreement, Cursor common and preferred stock will convert into SpaceX Class A common stock. The exchange ratio will be determined by the volume-weighted average closing price of SpaceX stock over the seven trading days prior to closing. Neither SpaceX nor Cursor immediately responded to requests for comment. The transaction materializes an option SpaceX unveiled in April, which gave the aerospace-and-AI giant the choice to either buy the San Francisco-based start...
Terminal-based coding assistants for AI-curious developers are hot these days, and the most popular choice appears to be Claude Code . But Anthropic’s commercial offering has a new open source rival: MiMo Code , released under an MIT license by Chinese smartphone giant Xiaomi. Unlike Claude Code, MiMo Code is not restricted to a specific LLM provider. It was also optimized for “long-horizon automated programming tasks,” according to the introductory blog entry . The software aims to “maintain decision quality and state continuity over dozens or even hundreds of execution steps.” The AI community has taken notice of this release. Since its v0.1 release last week, MiMo Code has garnered 9,000 stars on GitHub , and has been forked 783 times. And unlike Claude Code, which costs $20 a month to start, MiMo is free, and may not even require connecting to a cloud provider, if the user installs a model on their own machine. Tackling Long Horizon Memory Retention Large Language Models (...