AI coding editor and development platform acquired by SpaceX for $60B in August 2026.
SpaceXAI has laid off roughly 60 members of its Grok Imagine video and image generation team, retaining only a skeleton crew for basic operations. The cut continues the restructuring after the xAI-SpaceX merger and signals a strategic pivot toward AI coding tools and the Grok Bot agent, underscored by the $60 billion acquisition of Cursor.
Automattic has launched Spacefast, a platform that supplies databases, authentication, file uploads, email and analytics for vibe-coded sites and apps, connectable to agents such as ChatGPT, Claude and Cursor or to a Git repository. Positioned as a more open rival to Lovable and Emergent, it extends the WordPress owner's product line as the web shifts.