News & Updates
The latest news and updates from companies in the WLTH portfolio.
This week at SpaceX: AI bets, losses and push for control as mega IPO looms
April 21 : Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history. The rocket and satellite company disclosed an option to acquire AI coding startup Cursor for $60 billion, outlined plans that would entrench permanent voting control for founder Musk, and is kicking off a three-day Wall Street analyst roadshow aimed at defending a $1.75 trillion valuation. SpaceX is targeting a late-June market IPO with a $75 billion capital raising, even as excerpts from its confidential IPO filing show the company swung to a multi-billion-dollar loss in 2025, driven by heavy spending on artificial intelligence. * Cursor deal: SpaceX announced on Tuesday it has been granted the option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for a partnership. * Voting control: Reuters reported on Monday that SpaceX plans to hand Musk and some insiders super-voting shares that will outweigh other investors after the IPO. * Financials: SpaceX swung to a $4.94 billion consolidated loss in 2025 on revenue of $18.67 billion. SpaceX and xAI, which merged earlier this year, ended 2025 with about $24.8 billion in cash on hand, assets of $92 billion, and liabilities of $50.8 billion. Capex increased almost five-fold over two years to $20.74 billion. * Analyst roadshows: SpaceX is kicking off a three-day Wall Street analyst roadshow this week to justify the $1.75 trillion valuation it is seeking in its IPO. * Warnings to investors: SpaceX has warned investors that its ambitions to build space-based AI data centers, as well as human settlements on the moon and Mars, rely on unproven technologies and may not become commercially viable, Reuters reported on Tuesday. * Musk, executives' pay: Musk was paid $54,080 last year but stands to gain billions in equity after the IPO. The Information reported that Musk bought $1.4 billion of stock from employees last year. Reuters reported that SpaceX President Gwynne Shotwell earned $85.8 million in total compensation last year, placing her among the highest-paid U.S. executives. CFO Bret Johnsen earned $9.8 million. * Index rejigs: The mega IPO has also driven index providers to consider revising their approach to designing market indexes, with Morningstar Inc saying its CRSP Market Indexes will add an "alternative liquidity screen", making it possible to add SpaceX and other giant IPOs to the benchmarks more rapidly. * Retail push: Musk plans to allocate about 30 per cent of shares to retail investors. Around 1,500 retail investors have been invited to tour its Starbase launch facilities in Texas, after the roadshow begins in the week of June 8. International retail access will be extended to the UK, the European Union, Australia, Canada, Japan, and South Korea.
This week at SpaceX: AI bets, losses and push for control as mega IPO looms
April 21 (Reuters) - Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history. The rocket and satellite company disclosed an option to acquire AI coding startup Cursor for $60 billion, outlined plans that would entrench permanent voting control for founder Musk, and is kicking off a three-day Wall Street analyst roadshow aimed at defending a $1.75 trillion valuation. SpaceX is targeting a late-June market IPO with a $75 billion capital raising, even as excerpts from its confidential IPO filing show the company swung to a multi-billion-dollar loss in 2025, driven by heavy spending on artificial intelligence. Here are some major developments: o Cursor deal: SpaceX announced on Tuesday it has been granted the option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for a partnership. o Voting control: Reuters reported on Monday that SpaceX plans to hand Musk and some insiders super-voting shares that will outweigh other investors after the IPO. o Financials: SpaceX swung to a $4.94 billion consolidated loss in 2025 on revenue of $18.67 billion. SpaceX and xAI, which merged earlier this year, ended 2025 with about $24.8 billion in cash on hand, assets of $92 billion, and liabilities of $50.8 billion. Capex increased almost five-fold over two years to $20.74 billion. o Analyst roadshows: SpaceX is kicking off a three-day Wall Street analyst roadshow this week to justify the $1.75 trillion valuation it is seeking in its IPO. o Warnings to investors: SpaceX has warned investors that its ambitions to build space-based AI data centers, as well as human settlements on the moon and Mars, rely on unproven technologies and may not become commercially viable, Reuters reported on Tuesday. o Musk, executives' pay: Musk was paid $54,080 last year but stands to gain billions in equity after the IPO. The Information reported that Musk bought $1.4 billion of stock from employees last year. Reuters reported that SpaceX President Gwynne Shotwell earned $85.8 million in total compensation last year, placing her among the highest-paid U.S. executives. CFO Bret Johnsen earned $9.8 million. o Index rejigs: The mega IPO has also driven index providers to consider revising their approach to designing market indexes, with Morningstar Inc saying its CRSP Market Indexes will add an "alternative liquidity screen", making it possible to add SpaceX and other giant IPOs to the benchmarks more rapidly. o Retail push: Musk plans to allocate about 30% of shares to retail investors. Around 1,500 retail investors have been invited to tour its Starbase launch facilities in Texas, after the roadshow begins in the week of June 8. International retail access will be extended to the UK, the European Union, Australia, Canada, Japan, and South Korea. (Reporting by Fabiola Arámburo and Mrinmay Dey in Mexico City; Editing by Muralikumar Anantharaman)
This week at SpaceX: AI bets, losses and push for control as mega IPO looms
April 21 (Reuters) - Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history. The rocket and satellite company disclosed an option to acquire AI coding startup Cursor for $60 billion, outlined plans that would entrench permanent voting control for founder Musk, and is kicking off a three-day Wall Street analyst roadshow aimed at defending a $1.75 trillion valuation. SpaceX is targeting a late-June market IPO with a $75 billion capital raising, even as excerpts from its confidential IPO filing show the company swung to a multi-billion-dollar loss in 2025, driven by heavy spending on artificial intelligence. Here are some major developments: * Cursor deal: SpaceX announced on Tuesday it has been granted the option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for a partnership. * Voting control: Reuters reported on Monday that SpaceX plans to hand Musk and some insiders super-voting shares that will outweigh other investors after the IPO. * Financials: SpaceX swung to a $4.94 billion consolidated loss in 2025 on revenue of $18.67 billion. SpaceX and xAI, which merged earlier this year, ended 2025 with about $24.8 billion in cash on hand, assets of $92 billion, and liabilities of $50.8 billion. Capex increased almost five-fold over two years to $20.74 billion. * Analyst roadshows: SpaceX is kicking off a three-day Wall Street analyst roadshow this week to justify the $1.75 trillion valuation it is seeking in its IPO. * Warnings to investors: SpaceX has warned investors that its ambitions to build space-based AI data centers, as well as human settlements on the moon and Mars, rely on unproven technologies and may not become commercially viable, Reuters reported on Tuesday. * Musk, executives' pay: Musk was paid $54,080 last year but stands to gain billions in equity after the IPO. The Information reported that Musk bought $1.4 billion of stock from employees last year. Reuters reported that SpaceX President Gwynne Shotwell earned $85.8 million in total compensation last year, placing her among the highest-paid U.S. executives. CFO Bret Johnsen earned $9.8 million.
Trump says Anthropic is 'shaping up,' open to deal with Pentagon
After months of tension, the Trump administration's tone signals a thaw with Anthropic, as legal battles and national security concerns persist. Whether this leads to renewed Pentagon ties or stricter guardrails on military AI use could shape how Washington balances innovation, safety, and control in the escalating global AI race. US President Donald Trump said on Tuesday Anthropic was "shaping up" in the eyes of his administration, opening the door for the AI company to reverse its blacklisting at the Pentagon. Trump directed the government in February to stop working with Anthropic. The Pentagon followed up by declaring the firm a supply-chain risk, dealing a major blow to the artificial intelligence lab after a showdown over guardrails for how the military could use its AI tools. The company disputes that it poses a risk and filed suit against the Defense Department in March over the determination. Anthropic CEO Dario Amodei met with White House officials last Friday to attempt to repair the relationship. The White House called the meeting productive and constructive. "They came to the White House a few days ago, and we had some very good talks with them," Trump told CNBC's "Squawk Box" on Tuesday. "And I think they're shaping up. They're very smart, and I think they can be of great use. I like smart people … I think we'll get along with them just fine." When asked if a deal was on the horizon with the Pentagon, Trump said, "It's possible. We want the smartest people." Anthropic, asked for comment, referred to its Friday statement describing its White House meeting as productive and focused on how the two "can work together on key shared priorities such as cybersecurity, America's lead in the AI race, and AI safety." The remarks from Trump are the clearest sign yet of a rapprochement between his administration and Anthropic, whose Claude models are highly regarded for coding. It comes just weeks after Anthropic unveiled Mythos, its most advanced AI tool, with a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise ways to exploit them, experts have said. Anthropic has said Claude Mythos Preview will not be made generally available. Instead, the company announced Project Glasswing, in which it invited major tech companies, cybersecurity vendors and US bank JPMorgan Chase, along with several dozen other organizations, to privately evaluate the model and prepare defenses accordingly. Anthropic co-founder Jack Clark said last week the firm was discussing its frontier AI model Mythos with the Trump administration without providing details. Anthropic, which Republican Trump still characterized as employing "the radical left," in his Tuesday comments, ran afoul of the Trump administration after it sought assurances from the Pentagon that its AI tools would not be used to surveil Americans or operate autonomous weapons. The Pentagon's ban on Anthropic forbade Defense Department employees and private sector contractors from using the company's AI tools after a six month period, though the rule contained important exemptions for national security, Reuters reported. A Washington, DC, federal appeals court earlier this month declined to block the Pentagon's national security blacklisting of AI company Anthropic for now, a win for the Trump administration that came after another appeals court came to the opposite conclusion in a separate legal challenge by Anthropic.
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SpaceX's Galactic IPO: A New Frontier in Business Valuation | Technology
Elon Musk's SpaceX makes headlines with plans for the largest IPO ever. The company announced a potential $60 billion acquisition of AI startup Cursor and a June market IPO targeting $75 billion capital raising. Despite facing substantial losses, Musk maintains control, driving innovation and investment interest. Elon Musk's SpaceX is making waves in the financial world as it gears up for what could become the largest IPO in history. The company has disclosed intentions to acquire the AI coding startup, Cursor, for $60 billion -- a move that highlights its commitment to technological expansion. With its IPO roadshow underway, SpaceX aims to justify a staggering $1.75 trillion valuation, despite revealing a multi-billion-dollar loss for 2025 due to substantial AI investments. The company plans to raise $75 billion, all while ensuring Musk retains a dominant voting control through super-voting shares. In an unprecedented retail push, SpaceX intends to allocate about 30% of shares to retail investors, showcasing its Starbase facilities. As its listing prompts industry shifts, index providers are considering new methodologies to integrate SpaceX swiftly into market benchmarks.
RBA Is Monitoring Anthropic's Mythos AI Over Cyberattack Fears
The Reserve Bank of Australia is closely monitoring developments around Anthropic PBC's new Mythos AI model, which the company says is powerful enough to enable sophisticated cyberattacks. The central bank is "engaging with peer regulators, government and regulated entities," it said in a statement. "The RBA, along with peer regulators and government agencies will continue to assess the implications of these technological advancements to ensure the ongoing safety and resilience of the financial system." The RBA chairs Australia's Council of Financial Regulators, which includes the corporate watchdog, the prudential regulator and the Treasury. Its engagement comes as regulators around the world step up discussions with financial firms on how they are managing cybersecurity risks linked to Mythos. Bloomberg reported Wednesday that a small group of unauthorized users in a private online forum gained access to Mythos on the same day Anthropic announced plans to release the model to a limited number of companies for testing. Anthropic has said Mythos can identify and exploit vulnerabilities "in every major operating system and every major web browser when directed by a user." The company has restricted access to a select group of software providers under an initiative called Project Glasswing, aimed at helping firms test and strengthen their defenses against potential cyberattacks. In recent days, a growing number of financial institutions and government agencies on both sides of the Atlantic have been seeking to be added to the list of early testers to safeguard their own systems against malicious actors. A simmering feud with mega-influencer Alix Earle isn't the only source of drama surrounding Alex Cooper's growing podcast empire. Lately, Cooper -- the host of Call Her Daddy, the fourth-most popular podcast in the US -- has been grappling with multiple challenges inside her business, including employee turnover, a sputtering slate of shows and discord between staff members and her husband and co-chief executive officer Matt Kaplan, according to people familiar with the company's operations. Such issues are becoming more common across the creator economy as myriad hit performers from Jimmy Donaldson, aka MrBeast, to Ashley Flowers of Crime Junkie to the trick-shot artists at Dude Perfect, have begun to build diversified companies capitalizing on their internet fame, while also running demanding podcasts or YouTube channels. In 2023, Cooper and Kaplan -- a producer of over 50 films and TV shows, including Netflix Inc.'s To All the Boys franchise -- co-founded Trending, an umbrella company housing the power couple's growing business ventures. Initially, the portfolio included Unwell Network, Cooper's burgeoning collection of lifestyle podcasts, and ACE Entertainment, Kaplan's production company. The idea was to take Cooper's audience of Gen Z women and speak directly to them, building content around their interests. Cooper and Kaplan began hiring dozens of employees to staff their business as they expanded into live events, TV series, a creative agency and physical products. Many of the new recruits were young adults who knew Cooper's show and were eager to be part of her company's festive aura while working alongside a woman they admired. In interviews with news outlets and on podcasts, Cooper described herself and Kaplan as driven entrepreneurs who expected employees to "work hard, play hard." At one point, she told Marie Claire that as CEO, her door is "always open" to employees and that she and Kaplan foster a "very positive and safe" environment for their young staff. Cooper is often extremely busy keeping her show and other creative projects running, said the people who asked not to be identified discussing non-public information, leaving Kaplan to run most of the network's day-to-day operations. Along the way, he has earned a reputation for frequently yelling at staff members, the people said. The issues have grown so acute that crew members have threatened to walk off the job at film sets and live tours if he doesn't keep his distance. The company declined to comment for this story. Last month, Trending launched a program on YouTube called Unwell Winter Games in which influencers squared off against each other in events, ranging from tubing down a mountain to competing in the drinking game flip cup. According to TMZ, there were some logistical problems during the run-up to the series, resulting in an influencer-contestant dropping out unexpectedly and being replaced at the last minute by a surprised member of the show's production team. At another point during the filming, according to the people familiar with the events, Kaplan berated the staff on set and threatened to prevent them from ever working in Hollywood again if they messed up, resulting in a prominent, long-experienced crew member breaking down in tears. Crew members filed complaints through the formal, on-set process and eventually told leadership they would quit if Kaplan didn't behave better, said the people. Some of the internal tension has spilled out publicly. In Call Her Alex, a 2025 Hulu documentary about Cooper's first live tour, the production manager threatens to quit at one point. In a subsequent scene, Kaplan chalks up the situation to the demanding work schedule surrounding the tour. But according to a person close to the conflict, the manager's concerns had much more to do with Kaplan disrespecting staff by yelling and swearing at them. The documentary also captured a frenzied environment as the company rushed to put together a live show. In the past year, several high-level executives have left Unwell, including the company's head of brand marketing, head of the network -- its second in three years -- and chief growth officer. Cooper has said Unwell employs around 100 people. On LinkedIn, at least 20 have marked themselves as leaving in 2025 and 2026. Meanwhile, Unwell has struggled to increase hit programming beyond Call Her Daddy. In 2025, as part of a broader deal with SiriusXM Holdings Inc., the company launched three original programs designed for an Unwell-branded satellite radio station. Less than a year later, all three were canceled. In 2025, Cooper's company also parted ways with Earle, the host of Hot Mess, the network's buzziest creative expansion. At the time, Unwell offered little explanation for Earle's departure. But recently, Cooper drew attention to the rift publicly. On TikTok, she said she was "tired of waking up" and seeing Earle spreading "fake drama" -- referring, it seemed, to Earle's recent repost of a video criticizing Cooper's podcast interviews. Afterward, Earle responded, "Okay on it!!" The surprise salvo rattled the internet, drawing intense scrutiny by everyone from amateur online sleuths to the New York Times. Earle, through her publicity team, declined to comment. These days, rather than building new programs from scratch, Unwell is focusing on acquiring existing shows, Cooper said in a recent interview with a podcast on her network. The shift means Cooper's team has entered a highly competitive market against well-established players who have larger budgets and fewer ties to any one individual star. For now, Call Her Daddy continues to be Unwell's biggest program. Podscribe, a podcast data company, estimates most shows on the network receive under 100,000 downloads a month. Call Her Daddy receives an estimated 13.3 million. Trending continues to release projects at a rapid clip. In the past month, it has launched several films and TV shows, including Love Overboard for Hulu, a dating competition series, the Hannah Montana 20th Anniversary Special for Walt Disney Co. and a new season of XO, Kitty, a spinoff of Kaplan's original Netflix success. The series was No. 1 on the streamer when it premiered in April. Cooper's live tours have also been gaining traction with fans. Last year, she held a two-day festival in Las Vegas, complete with Chippendales dancers and a pool party with Paris Hilton spinning tunes as DJ. Three of her West Coast shows in 2024 grossed a total of $540,000 with 9,549 tickets sold, according to Pollstar. The company's ad agency has also picked up prominent clients, including Google, and Cooper has said sales in the department are now nearly on par with revenue from podcasting. Last week, Unwell announced it had hired new executive leadership, including Joanne Bradford, previously of Honey, an online shopping company, who will serve as president. Ellen Rocamora, who previously worked for more than a decade at The Ellen DeGeneres Show, has joined as an executive producer. The new team members will be tasked, in part, with helping Cooper as she continues to navigate new lines of business. It's a tricky career trajectory, but one that can make sense for financial reasons in the long term. "Creator work is not necessarily stable," said Jess Rauchberg, an assistant professor of communication technologies at Seton Hall University. "They are leveraging their visibility into something that can be consumed off the podcast." Whether an influencer can branch out successfully, she added, often depends on the level of the team around them. "It's partially skill, but also privilege," she said. Cooper, for her part, shows no sign of retreat, despite the difficulties. "Unwell is a really, really fabulous and incredible and, I think, inspiring place to work," Cooper said in a recent interview on The Burnouts with Phoebe & Sophia podcast. "But it is f------ hard."
Amazon Plans to Invest Up to $25 Billion in Anthropic
Amazon has agreed to invest as much as $25 billion more in Anthropic, the artificial intelligence startup that created the Claude chatbot, the companies said Monday, the latest in a series of massive deals between tech giants and AI startups. Amazon, which previously invested $8 billion in Anthropic, is already one of the startup's largest investors. In the latest deal, Amazon plans to invest $5 billion to start, with the potential to add another $20 billion if Anthropic hits certain milestones. Anthropic, in turn, committed to spend $100 billion on computing power and other services from Amazon's cloud computing business over the next decade. The startup will also continue to use specialized computer chips that Amazon has designed as an alternative to high-priced chips from Nvidia, the Silicon Valley chipmaker that dominates the AI market.
Dow Jones Top Company Headlines at 9 PM ET: SpaceX Secures Option to Buy AI Startup Cursor for $60 Billion | OpenAI ...
SpaceX Secures Option to Buy AI Startup Cursor for $60 Billion The rocket company said close work in a coding partnership could lead to a combination. ---- OpenAI Under Criminal Probe in Florida Over Mass Shooter's ChatGPT Use The investigation seeks to determine responsibility for an attack that killed two people. The chatbot advised the suspect on the weapon and timing, Florida's attorney general says. ---- T-Mobile and Germany's Deutsche Telekom Weigh Combination The big German carrier is already T-Mobile's largest shareholder. ---- BHP Expects Annual Copper Output in Upper Half of Guidance BHP Group expects annual copper production to be in the upper half of its guidance range, and output costs at the giant Escondida mine in Chile likely lower than previously anticipated. ---- United Airlines to Reduce Capacity as Fuel Costs Soar The carrier said it has made schedule adjustments for the rest of the year to account for volatile prices. ---- Capital One Financial First-Quarter Revenue Rises The McLean, Va., bank logged higher revenue in its latest quarter as provision for credit losses declined. ---- Amazon.com Launches Program for GLP-1 Weight-Loss Drugs With One Medical Amazon One Medical members can get Novo Nordisk's Wegovy and Eli Lilly's Foundayo GLP-1 pills in a program that integrates primary-care services with the technology company's pharmacy business. ---- New York Sues Coinbase, Gemini Over Crypto Exchanges' Prediction Markets Federal and state regulators have been sparring over who has oversight of the platforms, which have surged in popularity ---- Casey Wasserman's Talent Agency Draws Takeover Interest A handful of private-equity firms and United Talent Agency are among the early bidders for the power broker's firm. ---- Deutsche Lufthansa to Cancel 20,000 Short-Haul Flights to Save Jet Fuel The German group said that the flights canceled are operated by several of its airlines, mostly its regional carrier CityLine, and will equal a 1% reduction in its passenger capacity. ---- Luxury-Jacket Brand Moncler Starts Year Strongly as Asian Demand Makes Up for Hit to European Tourism The Italian group made revenue of $1.04 billion in the first quarter, bucking a trend for weak sales in luxury fashion. ---- Chip-Equipment Supplier ASM International Logs Higher Sales on Booming AI Demand The Dutch group posted strong sales for the first quarter as chip makers continue to invest in tools to make increasingly sophisticated semiconductors in a bid to satisfy booming demand for artificial intelligence. ---- Spirit Airlines in Talks With Trump Administration on Government Investment Florida-based Spirit has been working to sell some planes and refocus operations on core cities. The president said that combining major industry players could make companies lazy. Washington lawmakers have criticized the idea. ---- RTX Boosts Guidance on Defense Business Strength The defense contractor logged higher first-quarter profit and sales, with growth in each of its segments. ---- UnitedHealth Shows Signs of Turnaround With Strong Quarterly Results The healthcare company detailed corporate changes and upgraded its full-year outlook.
SpaceX: $60 Billion Option Deal Positions Company To Acquire Cursor
SpaceX has secured the option to acquire AI coding startup Cursor for $60 billion later this year, or alternatively pay $10 billion for its ongoing collaboration with the company, signaling a major escalation in its push into artificial intelligence. The agreement gives SpaceX flexibility to either fully acquire Cursor or continue a deep strategic partnership, reflecting the growing importance of AI-powered coding tools in the broader technology landscape. Cursor, which develops advanced AI systems for software development and knowledge work, has rapidly emerged as a leading player in the AI coding category, with strong enterprise adoption and significant revenue growth. Under the deal structure, SpaceX and Cursor will continue working closely on AI development, leveraging SpaceX's expanding compute infrastructure, including systems tied to its AI subsidiary xAI. The partnership is expected to enhance Cursor's ability to train and scale large AI models, while strengthening SpaceX's position in the competitive AI tooling market. The potential acquisition aligns with SpaceX's broader strategy to integrate artificial intelligence more deeply into its operations and ecosystem. Following its acquisition of xAI earlier this year, the company has been investing heavily in AI infrastructure and capabilities, including large-scale computing systems designed to support next-generation models. The structure of the deal is unusual, offering a clear fallback option that still commits significant capital to collaboration if a full acquisition does not proceed. This reflects both the high valuation of leading AI startups and the competitive urgency among major technology players to secure talent, data, and infrastructure in the race to build advanced AI systems. Cursor would gain access to significant computing resources through the partnership, while SpaceX would deepen its capabilities in AI-driven software development, an increasingly critical layer across industries ranging from aerospace to enterprise productivity tools. The announcement comes as SpaceX prepares for a potential initial public offering that could rank among the largest in history, underscoring how central AI has become to the company's long-term growth strategy.
SpaceX bets $60 billion on Cursor as Musk pushes to build the world's best coding AI
Cursor's rapid growth and soaring valuation attract interest from investors and tech giants. SpaceX said Tuesday that it has locked in the right to buy Cursor for $60 billion later this year, part of Elon Musk's push to develop top-tier coding AI. The aerospace giant is joining forces with the AI coding startup to build "the world's best coding and knowledge work AI." The partnership pairs Cursor's developer-facing product with SpaceX's Colossus supercomputer. SpaceX could also choose instead to pay $10 billion for their collaboration, the team stated. The announcement comes shortly after TechCrunch reported that Cursor was close to securing at least $2 billion in new funding led by Thrive and Andreessen Horowitz at a $50 billion valuation. The round would nearly double its $29.3 billion valuation from six months ago. Battery Ventures and Nvidia are expected to join, though final terms may still change despite strong demand. Despite competition from tools like Anthropic's Claude Code and OpenAI offerings, Cursor has rapidly scaled into one of the leading AI coding platforms. Its annualized revenue surpassed $2 billion by early 2026 and is projected to exceed $6 billion by year-end. Growth has been driven by strong product-led adoption and expanding enterprise demand, with revenue shifting toward large organizational deals. The company now serves over 1 million daily users, with adoption across more than half of Fortune 500 companies. SpaceX is approaching its public market debut with a June 2026 target, seeking a $1.75 trillion valuation and a record-shattering $75 billion raise. In working toward the IPO, SpaceX acquired xAI in February in a landmark all-stock deal that created the world's most valuable private company at around a $1.25 trillion valuation. Following the acquisition, xAI has undergone a major restructuring that has resulted in the exit of several co-founders and employees. Executives from Tesla and SpaceX have been brought in to audit the company, leading to dismissals and targeted hiring, including recruits from Cursor. Musk has said the company needs to be rebuilt from the ground up after early missteps.
Polymarket Launches Perpetual Futures as Competition with Kalshi Intensifies - TokenPost
Polymarket has officially announced the launch of perpetual futures trading, introducing a new way for users to go long or short on prediction markets 24/7. The update, revealed on April 21, positions the platform at the forefront of innovation in the rapidly evolving prediction market space. With this feature, traders can take leveraged positions on market outcomes without waiting for contracts to expire, aligning Polymarket more closely with traditional financial derivatives. The timing of the announcement is notable, coming just hours after reports that rival platform Kalshi is preparing to release its own perpetual product, codenamed "Timeless," on April 27. Kalshi CEO Tarek Mansour previously hinted at the launch through a teaser video, signaling a major push into crypto perpetual futures and placing the platform in direct competition with established players like Coinbase and Robinhood. Polymarket emphasized that its new product allows users to "price the future" and actively trade based on their predictions at any time. This always-on trading model is expected to attract both retail and institutional participants looking for flexibility and leverage in prediction markets. By removing expiration constraints, perpetual futures could significantly boost trading activity and liquidity across the platform. Both Polymarket and Kalshi have experienced rapid growth, reflecting increasing interest in prediction markets. In March 2026 alone, transactions surpassed 192 million, marking a new all-time high. Kalshi currently boasts a valuation of $11 billion and processes over $100 billion in annualized trading volume, while Polymarket, valued at $9 billion, has maintained weekly volumes exceeding $1 billion throughout the first quarter of 2026. This intensifying rivalry highlights a broader trend where prediction markets are beginning to resemble traditional financial markets. The introduction of perpetual futures could accelerate this shift by attracting more sophisticated trading strategies and institutional capital. Ultimately, the success of these new products will depend on how quickly both platforms can establish deep liquidity and sustain user engagement in an increasingly competitive landscape.
SpaceX partners with AI startup Cursor, may buy it for $60 bn
SpaceX on Tuesday announced a partnership with AI coding company Cursor and said the alliance comes with an option to buy the startup for $60 billion later this year. The move by Elon Musk's rocket and satellite company comes as it prepares to become publicly traded, and shortly after it took over the billionaire's artificial intelligence outfit xAI. Cursor, founded in 2022 and based in San Francisco, specializes in AI for creating software code, particularly for business uses. "SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI," the company said in a post on X. Combining Cursor's software and product expertise with SpaceX's "Colossus" AI training supercomputer will enable the company "to build the world's most useful models," it said. The partnership comes as AI sector rivals vie to be the preferred option for software developers. Cursor competes with Microsoft's social coding platform GitHub, which has been a leading resource in the developer community. OpenAI announced on Tuesday that its coding tool, Codex, has grown to four million weekly users, up from three million just weeks ago. Meanwhile, Anthropic has put out word that revenue from its Claude Code tool for developers has surged. - AI in the sky - Musk announced in February that SpaceX would acquire xAI, a step in his plan to launch solar-powered, satellite-based data centers to run future AI models. SpaceX has set the pace in the space launch market, offering reusable rockets that vastly reduce the cost of putting satellites into orbit and itself owning the largest satellite constellation, Starlink. The company is set for a stock market listing this year widely expected to be the biggest in history, with media reports pointing to an initial public offering (IPO) as early as June. Musk called SpaceX's absorption of xAI "not just the next chapter, but the next book" for the companies. "Global electricity demand for AI simply cannot be met with terrestrial solutions... The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space," Musk wrote when his companies were merged. The project fits into Musk's long-term ambition to build colonies on the Moon and Mars and is "a first step towards becoming a Kardashev II-level civilization," he wrote. Coined in the 1960s by a Soviet astronomer, the futurist term refers to a civilization able to use all of the energy from its home system's star. SpaceX filed papers early this year with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP. The confidential filing puts the rocket and satellite builder on track to list its shares on a public exchange by July, according to The Wall Street Journal, citing unidentified sources. Media reports have said the initial public offering could be valued at a whopping $75 billion or more, for a venture with stratospheric ambitions. If successful, SpaceX could arrive on Wall Street with a valuation exceeding $1.75 trillion, putting it among the world's ten biggest companies by market capitalization. Besides SpaceX, two other tech heavyweights, the AI developers OpenAI and Anthropic, are reportedly planning IPOs this year. gc-bl/dw
Anthropic Drops Claude Code From $20 Pro Plan
Claude Code made Anthropic the terminal-dwellers' favorite. This week, without fanfare, the company stopped listing it on the $20 Pro plan. The writing is on the wall, and the ink is corporate blue. The shift arrived through documentation, not a press release. Anthropic's Claude Code support page, archived as recently as April 10, promised access through "your Pro or Max plan." The page now names Max only. The public pricing page reflects the cut on desktop and mobile. No announcement. No changelog entry. Whether the change applies to new subscribers, every Pro customer, or some messier middle, Anthropic has declined to say. The silence is itself the test. Edit the page, measure the churn, decide the policy. Call it "tier alignment." Call it "matching product scope to pricing reality." Better: call it what it is. The bait has been lowered. The switch is underway. Earlier this month, Anthropic told OpenClaw users to pay extra after discovering that a single power user could burn $5,000 in daily API-equivalent compute on a $200 Max plan. A year ago, the company launched $100 and $200 Max tiers to capture heavier workloads. This week, Amazon expanded its cumulative Anthropic investment toward a reported $25 billion. The arithmetic writes itself. Anthropic no longer needs the solo developer. It never did, once the enterprise checks cleared. This is the classic Valley playbook, just on a compressed clock. Remember 2008? Facebook was the supplicant then, asking developers to please build, handing out organic reach by the bucket. Six years and a lot of ad contracts later, the relationship reverses itself. Those same apps get choked off, quietly, without a press release or a warning shot. Zynga, the Washington Post Social Reader, the Causes app, the Bejeweled clones that colonized your aunt's browser tabs: cultivated, then starved of reach. The lesson was blunt. Developer goodwill carries no book value once the enterprise market stabilizes. The Anthropic cycle took seventeen months, not six years. Cory Doctorow, in his 2023 essay on what he calls enshittification, named the pattern. His thesis is that platforms are first good to their users, then good to their business customers, then they extract value from both until the product is a husk. From this follow three lessons. First, the user-delighting phase is not a gift; it is capital expenditure on reputation. Second, business customers are the real product, and their willingness to pay is the only metric that survives scrutiny. Third, the platform owes nothing to the people who seeded its myth, and acts accordingly once the seeds have grown. Apply the model. Claude Code's reputation as the developer's coding companion was not manufactured by an ad campaign. It was manufactured by thousands of independent builders with blogs, Mastodon threads, YouTube reviews, GitHub stars. They told their friends. Their friends told Fortune 500 procurement. Fortune 500 procurement wrote the nine-figure contract. The loop is now closed, and the people who completed it for free are no longer on the invitation list. There is no villain here in the cartoon sense. Anthropic carries real compute costs and real investor pressure. A $20 subscription that burns $200 in inference is a business model only in the venture-funded phase of a company's life. But honesty requires naming the trade. Anthropic built an aura of principled, developer-friendly craftsmanship. That aura was priced at $20. It is now worth more, and the people who generated it are being informed, politely, that their work is complete. Picture the near scenario. Autumn, say, October. A freelancer in Lisbon opens her terminal, types the command she has typed every workday for two years. The response this time isn't code. It's an upgrade prompt. One hundred a month, or nothing. She upgrades. Three weeks later, the $100 tier hits a wall that routes her to $200. Six months after that, Anthropic rolls out a $500 Professional Developer Seat because "sustained professional workloads now exceed the scope of our consumer tiers." The $20 plan, by then, sits behind glass in the museum of venture-subsidized pricing. Was that the deal she signed up for? The deal she signed up for has been migrated. None of this is illegal, and little of it is surprising. The pattern is older than Anthropic, older than Silicon Valley, older than venture capital itself. It is what happens when a company discovers that its reputation was a loan, not an asset, and the creditors are easy to ignore. A platform is not a promise. It is a sequence of pricing pages, each one more expensive than the last.
SpaceX Strikes Deal With Cursor for $60 Billion
SpaceX, Elon Musk's rocket and satellite company, said on Tuesday that it had struck a deal with the artificial intelligence start-up Cursor that could result in its acquiring the young company for $60 billion. In a social media post, the rocket maker said the combination with Cursor, which makes code-writing software, would "allow us to build the world's most useful" A.I. models. SpaceX added that the agreement gave it the option "to acquire Cursor later this year for $60 billion or pay $10 billion for our work together." SpaceX is making the deal just as it prepares to go public in what is likely to be one of the largest initial public offerings ever. It is unclear if it plans to consummate a transaction with Cursor before or after its I.P.O., which could happen as early as June. A code-writing start-up has seemingly little to do with rocket launches and a satellite internet service, which are SpaceX's main businesses. But Mr. Musk has been increasingly interested in A.I. The tech mogul helped found OpenAI, the company behind ChatGPT, and in recent years established xAI, which created the Grok chatbot. Since last year, Mr. Musk has also pushed SpaceX toward A.I. initiatives, including A.I. data centers that would orbit Earth and an A.I. chip factory. In February, SpaceX bought xAI, creating a company that valued itself at $1.25 trillion. Mr. Musk, 54, has said he sees his goals in space and A.I. as intertwined. In a letter to SpaceX employees announcing the acquisition of xAI, he wrote that humans would become a multiplanetary species only after data centers were deployed in space to better harness the sun's energy. "In the long term, space-based A.I. is obviously the only way to scale," Mr. Musk wrote. Mr. Musk and SpaceX did not return requests for comment. Michael Truell, a co-founder and the chief executive of Cursor, posted that the deal was "a meaningful step on our path to build the best place to code with AI." While Mr. Musk's companies -- which also include Tesla -- have a history of merging with one another, they rarely strike deals to buy outside companies. But A.I. coding tools have become increasingly popular. Anthropic, a San Francisco start-up, has seen a surge in revenue from its coding product, Claude Code, which it has been selling to businesses. OpenAI has poured money into its own coding tool, Codex, and has also aggressively courted businesses. (The New York Times sued OpenAI and Microsoft in 2023, claiming copyright infringement of news content related to A.I. systems. The two companies have denied those claims.) Mr. Musk's xAI has also been trying to develop coding tools. But the venture has faced an employee exodus and has fallen behind OpenAI and Anthropic. In March, xAI hired Andrew Milich and Jason Ginsberg, two former leaders at Cursor, to help refocus those efforts. After the hires were announced, Mr. Musk posted that "xAI was not built right first time around, so is being rebuilt from the foundations up." Cursor, which is based in San Francisco, was founded in 2022 by Mr. Truell, Sualeh Asif, Aman Sanger and Arvid Lunnemark, who had met at M.I.T. The start-up quickly made waves as tech companies adopted its tools. Cursor emerged as an early leader in its field, hitting $100 million in "annual recurring revenue," or monthly revenue extrapolated to a full year, in less than two years. It soon became a venture capital darling, amassing $3.4 billion in funding from top investment firms including Thrive Capital, Andreessen Horowitz and Accel. In November, Cursor reached a valuation of $29 billion. The start-up had been in talks to raise new funding in recent weeks, a person with knowledge of the matter said. But the rival coding tools from Anthropic and OpenAI created competitive pressure for the much smaller start-up. Under its agreement with SpaceX, Cursor could obtain either a $10 billion injection of new capital or the $60 billion payday if the rocket company buys it. Cursor said in a blog post on Tuesday that its lack of access to computing power for training its A.I. models had "bottlenecked" its growth. The deal with SpaceX will give it access to xAI's infrastructure, which includes a supercomputer capable of training A.I. models. That will help Cursor "dramatically scale up the intelligence of our models," the start-up said. Erin Griffith covers tech companies, start-ups and the culture of Silicon Valley from San Francisco.
Filing: SpaceX tells investors that orbital AI data centers use "unproven technologies" and may not achieve "commercial viability" due to space-related risks
Rani Molla / Sherwood News: SpaceX to reportedly buy coding startup Cursor for more than $50 billion SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI. The combination of Cursor's leading product and distribution to expert software engineers with SpaceX's million H100 equivalent Colossus training supercomputer will allow us to build the world's most useful models. Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.
SpaceX partners with AI startup Cursor, may buy it for $60 bn
San Francisco (United States) (AFP) - SpaceX on Tuesday announced a partnership with AI coding company Cursor and said the alliance comes with an option to buy the startup for $60 billion later this year. The move by Elon Musk's rocket and satellite company comes as it prepares to become publicly traded, and shortly after it took over the billionaire's artificial intelligence outfit xAI. Cursor, founded in 2022 and based in San Francisco, specializes in AI for creating software code, particularly for business uses. "SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI," the company said in a post on X. Combining Cursor's software and product expertise with SpaceX's "Colossus" AI training supercomputer will enable the company "to build the world's most useful models," it said. The partnership comes as AI sector rivals vie to be the preferred option for software developers. Cursor competes with Microsoft's social coding platform GitHub, which has been a leading resource in the developer community. OpenAI announced on Tuesday that its coding tool, Codex, has grown to four million weekly users, up from three million just weeks ago. Meanwhile, Anthropic has put out word that revenue from its Claude Code tool for developers has surged. AI in the sky Musk announced in February that SpaceX would acquire xAI, a step in his plan to launch solar-powered, satellite-based data centers to run future AI models. SpaceX has set the pace in the space launch market, offering reusable rockets that vastly reduce the cost of putting satellites into orbit and itself owning the largest satellite constellation, Starlink. The company is set for a stock market listing this year widely expected to be the biggest in history, with media reports pointing to an initial public offering (IPO) as early as June. Musk called SpaceX's absorption of xAI "not just the next chapter, but the next book" for the companies. "Global electricity demand for AI simply cannot be met with terrestrial solutions... The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space," Musk wrote when his companies were merged. The project fits into Musk's long-term ambition to build colonies on the Moon and Mars and is "a first step towards becoming a Kardashev II-level civilization," he wrote. Coined in the 1960s by a Soviet astronomer, the futurist term refers to a civilization able to use all of the energy from its home system's star. SpaceX filed papers early this year with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP. The confidential filing puts the rocket and satellite builder on track to list its shares on a public exchange by July, according to The Wall Street Journal, citing unidentified sources. Media reports have said the initial public offering could be valued at a whopping $75 billion or more, for a venture with stratospheric ambitions. If successful, SpaceX could arrive on Wall Street with a valuation exceeding $1.75 trillion, putting it among the world's ten biggest companies by market capitalization. Besides SpaceX, two other tech heavyweights, the AI developers OpenAI and Anthropic, are reportedly planning IPOs this year.
SpaceX partners with AI start-up Cursor, may buy it for $76.4 billion
SAN FRANCISCO - SpaceX on April 21 announced a partnership with AI coding company Cursor and said the alliance comes with an option to buy the start-up for US$60 billion (S$76.4 billion) later in 2026. The move by Mr Elon Musk's rocket and satellite company comes as it prepares to become publicly traded, and shortly after it took over the billionaire's artificial intelligence outfit xAI. Cursor, founded in 2022 and based in San Francisco, specialises in AI for creating software code, particularly for business uses. "SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI," the company said in a post on X. Combining Cursor's software and product expertise with SpaceX's "Colossus" AI training supercomputer will enable the company "to build the world's most useful models," it said. The partnership comes as AI sector rivals vie to be the preferred option for software developers. Cursor competes with Microsoft's social coding platform GitHub, which has been a leading resource in the developer community. OpenAI announced on April 21 that its coding tool, Codex, has grown to four million weekly users, up from three million just weeks ago. Meanwhile, Anthropic has put out word that revenue from its Claude Code tool for developers has surged. Mr Musk announced in February that SpaceX would acquire xAI, a step in his plan to launch solar-powered, satellite-based data centres to run future AI models. SpaceX has set the pace in the space launch market, offering reusable rockets that vastly reduce the cost of putting satellites into orbit and itself owning the largest satellite constellation, Starlink. The company is set for a stock market listing in 2026 is widely expected to be the biggest in history, with media reports pointing to an initial public offering (IPO) as early as June. Mr Musk called SpaceX's absorption of xAI "not just the next chapter, but the next book" for the companies. "Global electricity demand for AI simply cannot be met with terrestrial solutions... The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space," Mr Musk wrote when his companies were merged. The project fits into Mr Musk's long-term ambition to build colonies on the Moon and Mars and is "a first step towards becoming a Kardashev II-level civilization," he wrote. Coined in the 1960s by a Soviet astronomer, the futurist term refers to a civilisation able to use all of the energy from its home system's star. SpaceX filed papers early this year with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP. The confidential filing puts the rocket and satellite builder on track to list its shares on a public exchange by July, according to The Wall Street Journal, citing unidentified sources. Media reports have said the initial public offering could be valued at a whopping US$75 billion or more, for a venture with stratospheric ambitions. If successful, SpaceX could arrive on Wall Street with a valuation exceeding US$1.75 trillion, putting it among the world's ten biggest companies by market capitalisation. Besides SpaceX, two other tech heavyweights, the AI developers OpenAI and Anthropic, are reportedly planning IPOs for 2026. AFP
SpaceX says it has option to acquire startup Cursor for $60 billion
SpaceX is exploring a significant move into AI developer tools by securing an option to acquire code-generation startup Cursor for $60 billion or partner for $10 billion. This push aims to bolster xAI's position in the AI coding market and provide Cursor with enhanced computing power for AI model development. SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for AI developer tools. Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that have drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. The deal could give xAI, the Grok chatbot maker that SpaceX merged with in February, a stronger foothold in the AI coding market where it has so far lagged rivals. It also provides Cursor with more computing capacity to develop AI models. "The combination of Cursor's leading product and distribution to expert software engineers with SpaceX's million H100 equivalent Colossus training supercomputer will allow us to build the world's most useful models," SpaceX said in an X post on Tuesday. Colossus is xAI's supercomputer cluster in Memphis, which it has touted as the largest in the world. The company has been spending billions of dollars on AI infrastructure. The announcement comes ahead of SpaceX's highly anticipated public debut in the coming months, with the company eyeing a valuation of close to $1.75 trillion and a $75 billion fundraise that could go down as the biggest IPO in history. Two product engineering heads at Cursor, a startup that sells AI models for coding tasks, said in March they joined SpaceX to contribute to the company's lunar projects and xAI, Musk's AI startup that is now part of SpaceX. Musk welcomed the engineers, Andrew Milich and Jason Ginsberg, saying, "Orbital space centers and mass drivers on the Moon will be incredible."
Anthropic's Stealth Test Yanks Claude Code from Pro Plans, Sparking Developer Fury
Developers logged into Anthropic's site this week and saw it: Claude Code, the prized coding tool, vanished from the Pro subscription list. No email. No heads-up. Just an "X" where a check mark once sat on the pricing page. Spotlight first hit when AI skeptic Ed Zitron shared screenshots. By Tuesday, the phrase "includes Claude Code" was gone. The Register confirmed the shift, noting inconsistencies -- some pages still listed Pro access, while updated docs pinned it to the pricier Max plan. Claude.ai itself, when prodded, claimed Pro users still get it. But reality bit harder. Developers vented on Reddit and X. One post: "Anthropic removed Claude Code from Pro plan with zero announcement." (@hrshkshri). Another: "Feels like they're getting desperate... Why is Anthropic the only company going this hard to milk their users?" (@nateless). Backlash built fast. And Anthropic blinked. Head of growth Amol Avasare jumped on X. "For clarity, we're running a small test on ~2 percent of new prosumer signups," he posted. "Existing Pro and Max subscribers aren't affected." (link). He promised: existing users would hear directly, not via "a screenshot on X or Reddit." Anthropic's capacity crunch forces the hand. Here's the rub. Subscriptions like Pro -- at $20 a month -- charge far below the token costs they guzzle. Sometimes by tenfold, per industry watchers. Claude's exploded in use since bundling Code into Max post-Opus 4. Add Cowork. Long-running agents. Engagement per user? Skyrocketing. Plans weren't built for this. Avasare explained: "When we launched Max a year ago, it didn't include Claude Code, Cowork didn't exist, and agents that run for hours weren't a thing. Max was designed for heavy chat usage, that's it." Now? They're testing tweaks -- weekly caps, peak limits -- to match reality. Last month brought off-peak nudges, utility-style. Capacity woes plague peers too. GitHub grounded Copilot accounts (The Register). Google hit similar walls. But why test publicly? Without fanfare? A spokesperson dodged that one. Sites stayed messy -- the Claude Code page still touted Pro access. CLI output? Still said "Claude Pro." Confusion reigned. Developers smell a push to Max -- $100 to $200 tiers. Or cheaper rivals: China's Minimax, Qwen, Kimi, GLM. "Many are already eyeing Kimi for better value in coding," noted one X user (@MikelEcheve). Risky. Trust erodes fast in AI. Enterprise eyes watch closer. They demand stability. Sudden shifts? Uncertainty. Anthropic's pattern stings more amid prior moves. Early April, they axed Pro/Max for third-party agents like OpenClaw -- straining compute, per head of Claude Code Boris Cherny (VentureBeat, April 3). "Subscriptions weren't built for the usage patterns of these third-party tools," he wrote. That cutoff hit April 4, 12 p.m. PT. Less than 24 hours' notice. OpenCode users got 403 errors. Loopholes closed -- Pro keys were subsidized gold for heavy API-like burns. Devs grumbled then too. Hacker News threads lit up: "It was a loophole. They closed it." But others fumed over lost tooling freedom. History repeats. January blocks on third-party harnesses spoofing Claude Code (VentureBeat). Revocations to rivals like xAI, OpenAI. Leaks? 8,000 GitHub repos yanked in April cleanup gone awry (TechCrunch). So what's next? Avasare hints at options. Feedback flows. But silence on rollout irks. Pro users hold -- for now. New signups? Guinea pigs in a 2% test. One dev quipped: "Time to try codex... Or coding manually." (@glennotiende). Others cancel. Churn brews. Anthropic bets on Claude's pull -- top coding agent, per fans. But nickel-and-diming? In a field of alternatives? Bold. Or brittle. Watch the pricing page. Changes stick there first. And developers talk. Loudly.
Anthropic cut Claude Code from new Pro subscriptions, calling it an "A/B test"
* Anthropic is A/B testing Pro accounts that lack Claude Code for about 2% of new signups. * The Pro pricing page now shows Claude Code unchecked, suggesting the feature may be removed from Pro. * Current Pro and Max users keep Claude Code, but future Pro signups might lose access by default. Claude Code is a very powerful tool, and part of the reason why I'm keeping my Pro subscription. Unfortunately, it seems that some people signing up for Pro may not get Claude Code, as Anthropic is performing an experiment where 2% of new users won't get it. However, while Anthropic has claimed that it's just a small test, the payment plan page has been updated to show that Pro subscribers will no longer have access to Claude Code. Claude subscribers just lost access to OpenClaw and other third-party tools -- unless they pay more Things are getting pricey. Posts 1 By Simon Batt Anthropic is trying out a Pro plan that doesn't contain Claude Code The payment plans tell a different story Over on X, people are noticing that Claude Code isn't arriving for some new subscribers to the Pro tier. Anthropic's Head of Growth, Amol Avasare, took to the social platform to announce that people shouldn't panic just yet. Not only are current Pro and Max subscribers unaffected by the change, but the exclusion will be a small A/B test. In the replies to his original post, Avasare says his goal is to see whether dropping Claude Code from Pro plans will keep server load down. However, if you take a peek at the Claude pricing plans page, you may see that the Pro tier no longer says it comes with Claude Code, as shown in the screenshot above. This does signal to new subscribers that their Pro plan won't come with Claude Code, despite Avasare saying that the vast majority of new sign-ups should still get it. Hopefully, there's just been a mix-up somewhere at Anthropic with how the information is presented. Best case scenario, we may see Anthropic create a new tier between Free and Pro that excludes Claude Code, much like what Google did with its new AI Plus plan. Worst-case scenario, new Pro subscribers won't get Claude Code by default. I tested Claude's two biggest competitors because of its usage limits, and one banned my account I don't really know why, though. Posts 11 By Adam Conway
