Joseph De Avila

SpaceX will buy Cursor parent Anysphere for $60 billion, striking a massive deal for an autonomous coding agent that could help the company catch up with its AI rivals after its blockbuster IPO. Cursor will receive $60 billion worth of SpaceX stock under the agreement. The deal comes days after SpaceX’s historic public offering.

Fox Corp. is acquiring Roku in a deal valued at around $25 billion, making a major bet on the future of ad-supported streaming. The deal—Fox’s largest to date—brings together a media company known for its live news and sports programming with the biggest provider of streaming platforms for connected TVs. It will add scale to Fox’s streaming business, currently home to free, ad-supported streaming service Tubi, which the company bought for $400 million in 2020, and subscription-based Fox One and Fox Nation.

Google, Microsoft, and xAI have reached an agreement with the Trump administration to share early versions of their artificial-intelligence programs to assess their capabilities and security before releasing the models to the public. The Commerce Department’s Center for AI Standards and Innovation will lead evaluations of the AI programs. The center has completed more than 40 evaluations, including on models that remain unreleased.