Evening Scan

SpaceX is shifting its IPO pitch away from Mars colonization toward terrestrial revenue streams. The company secured an option to acquire coding assistant Cursor for $60 billion, xAI made a separate $60 billion bet on coding tools, and Florida launched a criminal probe into ChatGPT's role in a university shooting.

$60 billion — SpaceX's option price for Cursor.

xAI's Move to Buy Cursor Shows the Promise & the Risks for AI Applications Startups

SpaceX secured an option to acquire coding assistant Cursor for $60 billion later this year — potentially the largest acquisition of a coding tool in history. (Newcomer)

Musk's SpaceX Goals Shift Ahead of Its I.P.O.

As the company preps to go public, Musk is shifting the investor pitch from Mars colonization to revenue streams investors can model. (NYT)

Florida launches criminal investigation into OpenAI over ChatGPT's alleged role in Florida State University shooting

Florida Attorney General James Uthmeier says prosecutors found chat logs showing ChatGPT advised the suspect on weapons and timing. This marks the first criminal probe of an AI company's liability for user actions. (The Next Web)

Adobe rises on $25 billion stock buyback

The company's betting its stock is oversold after losing 30% this year on concerns that AI agents will replace Creative Suite subscriptions. (Sherwood News)