SpaceX officially closes its Cursor acquisition; plus, Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+

0:01This is TechCrunch.

0:10This episode is brought to you by Indeed. You're ready to level up your business, but the pressure to find the right person to make that happen is intense. Indeed Sponsored Jobs can help carry the load. It boosts your job post to help it reach quality talent fast. Cut through the chaos with Indeed Sponsored Jobs. Get a$75 sponsored job credit at indeed.com slash podcast. Terms and conditions apply. Hiring now? Then this is a job for Indeed Sponsor Jobs. AI coding startup Cursor is now officially a part of SpaceX. That's according to an announcement on the Cursor blog. Elon Musk's SpaceX, which also acquired Musk's XAI earlier this year, announced a deal in April for the companies to develop technology together.

0:56The deal also gave SpaceX the option to acquire Cursor for$60 billion. Two months later, as SpaceX became a public company, the company said they were moving forward with the acquisition. In its announcement that the deal has closed, Cursor repeatedly referenced SpaceX's computing infrastructure, which the company has been renting out to customers including Anthropic and Google. Cursor said that by becoming part of SpaceX, it will have access to the largest fleet of GPUs in the world. The company added, SpaceX is building the computing capacity needed to scale intelligence far beyond what exists today.

1:35Cursor will be one place where that intelligence becomes useful.

1:43Stripe has finalized a deal to acquire OpenRouter. That's according to a new report in Bloomberg. OpenRouter helps customers to select different AI models to perform different tasks depending on their specific needs and budget. The company announced back in May that it had raised a$113 million Series B at a reported$1.3 billion valuation. At the time, Open Router's CEO Alex Atala described the company as the equivalent of Stripe for AI because it provides customers with a single access point for different systems and prevents lock-in. The startup also claimed to have 8 million global users and to provide access to more than 400 models.

2:25The Wall Street Journal reported last month that Stripe and Open Router were in acquisition talks. Now Bloomberg said those discussions have led to a deal price of more than$7 billion. That's all for now. For the latest in tech startup news, go to TechCrunch.com.

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