SpaceX Buys Cursor for $60 Billion With Stock It Has Owned Three Days
AP frames it as Musk buying an agentic-coding edge; X sees a self-dealing loop paid in three-day-old IPO stock for a tool that runs on his own Colossus and rivals' models.
Theo Kaplan
Bureau: San Francisco
State Attorneys General Ready a Paramount-Warner Suit Before the September 30 Fee Clock
The loud X frame is First Amendment capture; the corporate clock both sides skip is the September 30 ticking fee that costs Paramount hundreds of millions a month if it cannot close.
OpenAI Sells Credits and Rails While Its S-1 Stays Sealed
IPO trackers cheer a SpaceX-then-OpenAI race; X passes around loss-ratio screenshots—buyers transact on OpenAI's rails and credits while the audited books stay confidential.
Visa Wires OpenAI Agents With Spending Limits and Fraud Controls
MSM says agents can now shop and pay; practitioners on X cite weak agentic-checkout conversion—the durable product is Visa's limits, tokens and approvals, not autonomy.