SpaceX’s surging stock just turned its valuation into an acquisition weapon
SpaceX’s surging stock just turned its valuation into an acquisition weapon

SpaceX priced its IPO at $135 a share on 12 June. Five days later, the stock has climbed nearly 50%, pushing SpaceX past Amazon to become the fifth most valuable public company in the world at roughly $2.66 trillion. That surge is not just making share…

SpaceX makes its $60bn Cursor takeover official, days after its record IPO
SpaceX makes its $60bn Cursor takeover official, days after its record IPO

SpaceX has made it official. In a filing on Tuesday, Elon Musk’s newly public rocket company said it had signed a binding agreement to buy Anysphere, the startup behind the popular AI coding tool Cursor, in an all-stock deal that values the company at …

SailPoint plans to buy Entro to pour non-human identities into its “Agentic Fabric”
SailPoint plans to buy Entro to pour non-human identities into its “Agentic Fabric”

The race to secure non-human identities just produced its second deal of the day. SailPoint, the Austin-based identity-security giant, said it plans to buy Entro, a Tel Aviv startup that finds and protects the credentials, keys and machine accounts tha…

1Password acquires Apono to govern what AI agents can do once they’re inside
1Password acquires Apono to govern what AI agents can do once they’re inside

1Password is buying its way into the agentic enterprise. The Toronto identity-security company said on Monday it has acquired Apono, an Israeli startup that decides, in real time, what every human, machine and AI agent is allowed to touch inside a comp…

American Express acquires TheFork for $700m to build out its dining empire
American Express acquires TheFork for $700m to build out its dining empire

American Express acquires TheFork, the European restaurant-reservation platform, from Tripadvisor for $700m in cash. The payments company announced the proposed deal on Monday, adding a booking network of more than 50,000 restaurants across 11 European…

Salesforce acquires Fin, the Intercom-born support-AI firm, for $3.6bn
Salesforce acquires Fin, the Intercom-born support-AI firm, for $3.6bn

Salesforce acquires Fin, the customer-service AI company formerly known as Intercom, in a deal worth about $3.6bn. The CRM giant signed a definitive agreement on Monday, it said, to fold Fin’s “customer agent” technology into Agentforce, its own fast-g…

Fox acquires Roku for $22bn to plant its flag in streaming’s front door
Fox acquires Roku for $22bn to plant its flag in streaming’s front door

Fox acquires Roku in a $22bn deal that drags the cable-reliant broadcaster squarely into streaming. Fox Corporation will pay $160 a share, in cash and stock, for the maker of the streaming sticks and smart TVs sitting in more than 100 million household…

OpenAI acquires Ona to run Codex agents inside the customer’s own cloud
OpenAI acquires Ona to run Codex agents inside the customer’s own cloud

OpenAI acquires Ona, the company once known as Gitpod, in its latest enterprise play. The deal, announced on Thursday, folds Ona’s secure cloud platform into Codex, OpenAI’s coding agent. Terms were not disclosed. Codex is on a tear. OpenAI says more t…

A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible.
A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible.

A SpaceX-Tesla merger has moved from rumour toward roadmap. On the day SpaceX began trading, the people around Elon Musk stopped waving the idea away. SpaceX President Gwynne Shotwell did the floating. Asked about merger chatter by CNBC, she said a tie…

Alibaba is offering $1.5 billion for China’s last big independent grocer. The bidding war with Meituan is on.
Alibaba is offering $1.5 billion for China’s last big independent grocer. The bidding war with Meituan is on.

Alibaba Group is offering $1.5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed b…