The timing of the Cursor acquisition confirmation post-IPO day three is surprising, but the concept was announced in April. They waited until after the IPO to avoid a material change to the prospectus. The all-stock deal at a high valuation allows SpaceX to move quickly and addresses a perceived weakness in XAI's coding capabilities relative to Anthropic and OpenAI.

The deal is valued at $60 billion, with existing Cursor investors receiving SpaceX shares. Bill Ackman is currently discussing the value of SpaceX.

Talks took place in the last 24 hours between technical staff at Anthropic and administration officials, but there is no big move forward to make the models available again. The confusion is over whether there is a technical risk on the guardrails.

Anthropic's leadership, including the president, is in Europe for the G7. The company put out a tough statement.