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-0.00136062020032937 -0.00159928362785591 -0.00319832859228436 -0.00464224232882051 -0.00065584709884324 0.00511909185701853 0.00787565444495116 0.00150334092999014
Stock impact report

Microsoft considered acquiring Cursor before SpaceX deal [Yahoo! Finance]

Microsoft Corporation (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Company Research Source: Yahoo! Finance
Microsoft ultimately decided against making a formal bid. Under the terms SpaceX announced Tuesday, the company holds the right to purchase Cursor outright for $60 billion before the end of the year; if it does not exercise that option, it will instead pay Cursor $10 billion for the work the two companies are doing together. Prospective investors were left blindsided when the SpaceX arrangement materialized, according to CNBC, because it emerged only at the tail end of Cursor's fundraising process . Before the deal was made public, SpaceX had extended an offer of compute resources to Cursor. GitHub Copilot has been Microsoft's main vehicle in the AI coding race; Nadella told analysts earlier this year that the tool had reached 4.7 million paying subscribers, a 75% year-over-year increase. Even so, Cursor has emerged as the dominant force in that market, with Anthropic and OpenAI also outpacing Microsoft, according to CNBC. Microsoft was not the only major player to pursue Cursor Show less Read more
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