Markets

SpaceX surpasses Amazon in market cap as post-IPO momentum picks up

SpaceX stock continued to surge on Tuesday following its record-setting IPO last week, with the company’s market capitalization surpassing Amazon and briefly topping Microsoft. Elon Musk’s SpaceX debuted on the Nasdaq on Friday following its IPO and shares have risen about 35% since it began trading last week, as traders…

The ‘Le Chaton Fat’ meme techies can’t stop talking about

Tech insiders can’t stop talking about “Le Chaton Fat,” a supposedly world-beating AI model from Mistral. There’s just one problem: It seems to be fake.The meme exploded over the past few days after a series of social media posts claimed that French AI startup Mistral had secretly developed a frontier…

More Big Tech execs are joining the Army Reserve as senior officers

A second crop of tech executives entered the Army Reserve last week, expanding the service’s ties with Big Tech as it continues a dramatic effort to modernize its equipment and systems and better prepare for modern warfare.Those who recently joined include Dane Knecht, the chief technology officer of Cloudflare; Sam…

SpaceX confirms it is buying AI coding startup Cursor for  billion

SpaceX has announced its first major acquisition after a record-breaking IPO.Elon Musk’s rocket company said in a Tuesday filing that it had exercised its option to buy the AI coding startup Cursor for $60 billion, after the two companies struck a deal earlier this year.SpaceX said the merger with Cursor…