Nvidia CEO Huang resigns over affairs, CFO Kress takes over as interim chief Putin holds firm on territory and troops as Europe gets a seat at next talks Trump says US needs no Iran deal and pulls Vance from talks Nvidia falls below $4tn as CEO Huang resigns, hitting AI stocks Israeli strike on Gaza's Nasser Hospital kills surgeon despite ceasefire MSF and Africa CDC warn Congo Ebola response is faltering Russia and Ukraine trade strikes as Starshield curbs hamper Ukrainian defences Two tankers burn in Hormuz and another is hit off UAE coast Houthis claim strikes on Saudi Aramco and airbases as Yemen displacement passes 320,000 Brooklyn collapse toll reaches eight as rescue search ends US and China discuss trilateral summit with Russia after Rubio-Wang call China says US is using Nvidia scandal as pretext for tech curbs Israel readies for possible Iran strike as Netanyahu and Eisenkot clash Indonesian vice president resigns after courts reject school credentials Xi says Taiwan 'reunification' will happen, Taipei rejects it Trump threatens to double tariffs on Mexico over migrants Fourteen killed in 23-vehicle crash and fire in Fujairah Fed hike expectations lift yields and weigh on Asian currencies Ten police officers and 18 fighters killed in northwest Pakistan attack Europe demands a say in security decisions as diplomats gather in Dublin Spain passes housing protections after general strike clashes Baby dies of cold in Gaza as 53 countries and organizations urge unrestricted aid New hoax bomb threats target more than 1,800 Italian schools EU and UK prepare new Russia sanctions SpaceX plans $74bn data-centre investment in Texas and Arizona Amnesty says UN and South Sudan officials failed to prevent village massacre India's inflation tops RBI limit as rupee falls to 94 per dollar Two Iranian men convicted in UK of spying on journalists for Iran Mercedes halts investment in Germany as IG Metall calls full-day strikes Oil falls below $90 for first time since August as investors weigh US-Iran diplomacy One killed and four wounded in shooting near White House in Washington SoftBank and Nvidia back Agile Robots at $8.5bn valuation US existing home sales hit lowest level since 2010 Dutch coalition nears collapse over wealth tax Ukraine-founded naval drone maker UForce valued at $6bn China approves Eli Lilly's weight-loss pill orforglipron UK economy grows 0.7% in third quarter, most in two and a half years Kazakh sovereign fund and railway heads arrested on suspicion of corruption North Korea warns US and allies of 'concrete actions' over submarine buildup Nvidia CEO Huang resigns over affairs, CFO Kress takes over as interim chief Putin holds firm on territory and troops as Europe gets a seat at next talks Trump says US needs no Iran deal and pulls Vance from talks Nvidia falls below $4tn as CEO Huang resigns, hitting AI stocks Israeli strike on Gaza's Nasser Hospital kills surgeon despite ceasefire MSF and Africa CDC warn Congo Ebola response is faltering Russia and Ukraine trade strikes as Starshield curbs hamper Ukrainian defences Two tankers burn in Hormuz and another is hit off UAE coast Houthis claim strikes on Saudi Aramco and airbases as Yemen displacement passes 320,000 Brooklyn collapse toll reaches eight as rescue search ends US and China discuss trilateral summit with Russia after Rubio-Wang call China says US is using Nvidia scandal as pretext for tech curbs Israel readies for possible Iran strike as Netanyahu and Eisenkot clash Indonesian vice president resigns after courts reject school credentials Xi says Taiwan 'reunification' will happen, Taipei rejects it Trump threatens to double tariffs on Mexico over migrants Fourteen killed in 23-vehicle crash and fire in Fujairah Fed hike expectations lift yields and weigh on Asian currencies Ten police officers and 18 fighters killed in northwest Pakistan attack Europe demands a say in security decisions as diplomats gather in Dublin Spain passes housing protections after general strike clashes Baby dies of cold in Gaza as 53 countries and organizations urge unrestricted aid New hoax bomb threats target more than 1,800 Italian schools EU and UK prepare new Russia sanctions SpaceX plans $74bn data-centre investment in Texas and Arizona Amnesty says UN and South Sudan officials failed to prevent village massacre India's inflation tops RBI limit as rupee falls to 94 per dollar Two Iranian men convicted in UK of spying on journalists for Iran Mercedes halts investment in Germany as IG Metall calls full-day strikes Oil falls below $90 for first time since August as investors weigh US-Iran diplomacy One killed and four wounded in shooting near White House in Washington SoftBank and Nvidia back Agile Robots at $8.5bn valuation US existing home sales hit lowest level since 2010 Dutch coalition nears collapse over wealth tax Ukraine-founded naval drone maker UForce valued at $6bn China approves Eli Lilly's weight-loss pill orforglipron UK economy grows 0.7% in third quarter, most in two and a half years Kazakh sovereign fund and railway heads arrested on suspicion of corruption North Korea warns US and allies of 'concrete actions' over submarine buildup

Narrative thread · 1 event

SpaceX-Cursor takeover

Symbolic image: SpaceX-Cursor takeover

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Where things stand

SpaceX has closed its $60 billion purchase of the AI coding company Cursor, a deal Bloomberg reported completed on Friday. Terms, financing and how Cursor will be run remain undisclosed, and neither side has issued a statement.

The topic covers SpaceX's acquisition of Cursor, a leading maker of AI-assisted software development tools. SpaceX, the rocket and satellite company, is controlled by Elon Musk, so the purchase moves a major developer-tools company into the group of firms he controls. By price it ranks among the largest technology acquisitions on record.

Timeline in detail

Saturday, 15 August 2026Technology

SpaceX closes $60bn takeover of Cursor

SpaceX has completed its $60 billion purchase of the AI coding company Cursor. Bloomberg reported the closing on Friday.

SpaceX-Cursor takeover · Bota