Grace Kay

Look inside the estate of the founder of Yankee Candle, which was on the market for years. It sold for an $18 million discount.

Expectations are growing that Elon Musk will propose a merger of SpaceX and Tesla. But a close look at Tesla’s org chart, including the $55 billion Terafab semiconductor manufacturing project, a Tesla and SpaceX collaboration, shows that the two companies are already operating as one entity in ...

Tesla told staff last month it would impose a $200 per week limit for staff’s AI spending beginning July 6, according to an internal memo, a sign that even companies committed to using the technology to transform their operations and products are having to watch their costs. Over the past few ...

SpaceX President Gwynne Shotwell said Monday that she planned to donate a portion of her SpaceX stock to the Trump Accounts program.Shotwell wrote on X that the donation would be targeted to accounts for children between the ages of 11 and 17 “that live in areas with lower average household incomes with a bit more emphasis for those that live near our central Texas home.”As of SpaceX’s

SpaceX shares fell more than 5% to around $151 per share on Tuesday morning, as the company joined the Nasdaq 100 index.The decline comes even as index-tracking funds are expected to increase demand for shares of the rocket ship company, though many funds complete trades closer to market close, meaning that the price could see an upswing later in the day.SpaceX’s addition to the Nasdaq

SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, according to a memo sent to staff.The companies pushed back plans to launch the new model earlier this week in order to improve its efficiency, according to the memo. The model is expected to process information quickly, making it competitive in some respects with Anthropic’s Opus 4.8 and OpenAI’s

Cursor is developing a general-purpose AI agent meant to compete with popular tools like Anthropic’s Claude Cowork, two people familiar with the project said, part of a broader push by the company to diversify beyond coding-focused tools. Work on the new agent began after Cursor started leasing ...

Cursor is building a general purpose AI agent designed to compete directly with Anthropic’s Claude Cowork, The Information reported.Cursor began working on the product after it started leasing compute from SpaceX’s AI unit in April, two people familiar with the project said. Last month, SpaceX agreed to acquire Cursor in a transaction that values the company at $60 billion and the two

Cursor, the coding startup set to be acquired by SpaceX for $60 billion later this year, has been mapping out a major transformation. Michael Truell, Cursor’s CEO, told staff in a companywide meeting in May that the company aims to become a top-tier AI model developer, according to three people ...