criss_cross@lemmy.world to Technology@lemmy.worldEnglish · 8 hours agoSpaceX says it has option to acquire startup Cursor for $60 billionwww.reuters.comexternal-linkmessage-square8fedilinkarrow-up129
arrow-up129external-linkSpaceX says it has option to acquire startup Cursor for $60 billionwww.reuters.comcriss_cross@lemmy.world to Technology@lemmy.worldEnglish · 8 hours agomessage-square8fedilink
minus-squareEm Adespoton@lemmy.calinkfedilinkEnglisharrow-up10·7 hours agoNotice it’s SpaceX, not Musk. Sure, he might tank some extremely valuable assets, but he’s not spending HIS money directly here. While Musk is currently the owner of SpaceX, there’s currently an IPO on the books.
minus-squareFiniteBanjo@feddit.onlinelinkfedilinkEnglisharrow-up18·7 hours agoBut it’s also SpaceX after merging with xAI which is Elon Musks’s company for Grok, and it’s talking about purchasing an AI startup. So, this whole situation reeks of Elon Musk’s regular Pump and Dump.
Notice it’s SpaceX, not Musk.
Sure, he might tank some extremely valuable assets, but he’s not spending HIS money directly here.
While Musk is currently the owner of SpaceX, there’s currently an IPO on the books.
But it’s also SpaceX after merging with xAI which is Elon Musks’s company for Grok, and it’s talking about purchasing an AI startup. So, this whole situation reeks of Elon Musk’s regular Pump and Dump.