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SpaceX $60B Cursor Deal Could Value Indian-Origin Founder at $2.7B

SpaceX’s $60 billion Cursor deal could value each Anysphere co-founder’s estimated stake at about $2.7 billion. However, that figure represents the estimated value of stock, not a confirmed cash payout. SpaceX agreed on Tuesday, June 16, 2026, to acquire San Francisco-based Anysphere, the company behind the AI coding platform Cursor, in an all-stock transaction. The deal is expected to close in the third quarter of 2026, subject to regulatory approval and other customary conditi

Business

17 Jun 2026 10:10 AM

SpaceX $60B Cursor Deal Could Value Indian-Origin Founder at $2.7B

Business

Amazon acquires fauna robotics to expand humanoid robot ambitions

Amazon has confirmed its acquisition of Fauna Robotics, a New York-based startup focused on developing approachable humanoid robots for both consumers and businesses, marking a significant expansion of the company’s ambitions in the robotics industry. While financial details of the deal were not disclosed, the move underscores Amazon’s continued investment in automation technology and AI-driven innovation. In a statement, Amazon said it was encouraged by Fauna Robotics’ vision of creating safe, capable, and user-friendly robots. The company highlighted its own expertise in robotics, along with years of experience in consumer trust through retail and smart devices, as a foundation for developing new solutions aimed at improving everyday life. The acquisition aligns with Amazon’s broader strategy to integrate advanced robotics into both personal and commercial environments. Founded in 2024 by former engineers from major technology firms, Fauna Robotics quickly gained attention with the launch of its flagship humanoid robot, Sprout. Priced at $50,000, the compact, bipedal robot was designed to be accessible to developers while maintaining a human-friendly form factor. The company had already secured early interest from major industry players, signaling strong demand for next-generation robotics platforms. As part of the deal, Fauna’s workforce of approximately 50 employees will join Amazon in New York City. Company leadership expressed optimism about the transition, stating that operating under Amazon would accelerate innovation and expand opportunities in the rapidly evolving robotics market. Amazon has spent more than a decade building its robotics capabilities, particularly in warehouse automation. Its earlier acquisition of Kiva Systems laid the groundwork for Amazon Robotics, which has since become central to its logistics operations. More recently, the company has pursued additional acquisitions to enhance its expertise, including firms focused on last-mile delivery solutions. The acquisition of Fauna Robotics also signals Amazon’s renewed interest in consumer-facing robotics, an area it previously explored with its Astro home robot. By entering the increasingly competitive humanoid robot space, Amazon joins a growing list of technology companies developing advanced AI robots aimed at both industrial and personal use.

Business

24 Mar 2026 17:40 PM

Amazon acquires fauna robotics to expand humanoid robot ambitions

Business

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#techacquisition

SpaceX $60B Cursor Deal Could Value Indian-Origin Founder at $2.7B

SpaceX $60B Cursor Deal Could Value Indian-Origin Founder at $2.7B

Amazon acquires fauna robotics to expand humanoid robot ambitions

Amazon acquires fauna robotics to expand humanoid robot ambitions

India Breaks Multiple World Records in 3rd T20I

Five Indian Boxers Storm Into Asian U-15 Semifinals in Jordan

Hyderabad Records 43.4°C as Telangana Heatwave Intensifies With 46°C Peaks

Multiple refinery fires worldwide spark investigations and security concerns

Reza Pahlavi urges Trump to act against Iran as protests intensify

Who Is Saaniya Chandok? Meet Arjun Tendulkar’s Fiancee And Sachin Tendulkar’s Future Daughter-In-Law

Putin and Trump discuss Iran tensions and Ukraine in lengthy phone call

AR Rahman Receives Golden Plate Award From Peter Jackson

Deputy Chief Minister Pawan Kalyan Expands Land Holdings in Pithapuram

Phoebe Gates Launches Podcast "The Burnouts" to Empower Gen Z Women

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India Breaks Multiple World Records in 3rd T20I

Five Indian Boxers Storm Into Asian U-15 Semifinals in Jordan

Hyderabad Records 43.4°C as Telangana Heatwave Intensifies With 46°C Peaks

Multiple refinery fires worldwide spark investigations and security concerns

Reza Pahlavi urges Trump to act against Iran as protests intensify

Who Is Saaniya Chandok? Meet Arjun Tendulkar’s Fiancee And Sachin Tendulkar’s Future Daughter-In-Law

Putin and Trump discuss Iran tensions and Ukraine in lengthy phone call

AR Rahman Receives Golden Plate Award From Peter Jackson

Deputy Chief Minister Pawan Kalyan Expands Land Holdings in Pithapuram

Phoebe Gates Launches Podcast "The Burnouts" to Empower Gen Z Women

#techacquisition

SpaceX $60B Cursor Deal Could Value Indian-Origin Founder at $2.7B

SpaceX $60B Cursor Deal Could Value Indian-Origin Founder at $2.7B

Amazon acquires fauna robotics to expand humanoid robot ambitions

Amazon acquires fauna robotics to expand humanoid robot ambitions

India Breaks Multiple World Records in 3rd T20I

Five Indian Boxers Storm Into Asian U-15 Semifinals in Jordan

Hyderabad Records 43.4°C as Telangana Heatwave Intensifies With 46°C Peaks

Multiple refinery fires worldwide spark investigations and security concerns

Reza Pahlavi urges Trump to act against Iran as protests intensify

Who Is Saaniya Chandok? Meet Arjun Tendulkar’s Fiancee And Sachin Tendulkar’s Future Daughter-In-Law

Putin and Trump discuss Iran tensions and Ukraine in lengthy phone call

AR Rahman Receives Golden Plate Award From Peter Jackson

Deputy Chief Minister Pawan Kalyan Expands Land Holdings in Pithapuram

Phoebe Gates Launches Podcast "The Burnouts" to Empower Gen Z Women

Popular Cities