Pull to refresh
Logo
Daily Brief
Following
Why Ranks Sign Up
Michael Truell

Michael Truell

Co-founder and chief executive, Anysphere (Cursor)

Appears in 2 stories

Stories

SpaceX buys AI coding startup Cursor in $60 billion stock deal

Money Moves

Set to join SpaceX through the acquisition; net worth jumps into the billions

SpaceX went public on June 12 in the largest stock-market debut ever. Five days later, it agreed to spend $60 billion on Cursor, an AI coding tool barely three years old.

Updated Jun 18

GitHub Copilot replaces flat subscriptions with token-based billing

Money Moves

Runs Copilot's leading independent rival

For four years, GitHub Copilot users paid a flat fee for as many AI suggestions as they wanted. On June 1, that ended. Every paid tier — Pro, Pro+, Business and Enterprise — now bills by tokens consumed, with projected monthly bills for heavy users jumping from $29 to several hundred dollars.

Updated Jun 1