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TechCrunch

How SpaceX preempted a $2B fundraise with a $60B buyout offer

How SpaceX preempted a $2B fundraise with a $60B buyout offer
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Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.

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Tesla vehicles with the company's Hardware 3 (HW3) computer actually won't receive unsupervised Full Self-Driving (FSD), CEO Elon Musk said on Wednesday's Q1 2026 earnings call. Approximately 4 million Tesla vehicles operate on the HW3 platform, meaning that a significant chunk of Tesla owners - including customers that paid for the feature when they bought their cars - are now locked out of being able to use unsupervised FSD, which has been something Musk has been hyping for years, unless they

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