Microsoft’s GitHub Faces $60bn-Backed Rival as OpenAI Stake Worth 27% of $852bn Valuation
Microsoft holds a 27% stake in OpenAI valued at $852bn after its latest funding round, providing exposure through its equity interest and select ETFs. Meanwhile, SpaceX’s $60bn option to acquire AI coding startup Cursor and integrate it with its Colossus supercomputer threatens to rival GitHub’s market lead.
1. SpaceX-Cursor Partnership Challenges GitHub
SpaceX announced an alliance with AI coding specialist Cursor that includes a $60bn acquisition option later this year. By combining Cursor’s code-generation technology with its Colossus supercomputer, SpaceX aims to build advanced developer models that directly challenge GitHub Copilot’s dominance in the enterprise coding market.
2. Microsoft’s OpenAI Stake Enables Investor Exposure
Microsoft holds a 27% equity stake in OpenAI, valued at $852bn following its latest funding round, positioning it to benefit from the AI leader’s growth trajectory. Investors seeking indirect OpenAI exposure can utilize Microsoft shares, ARK’s ARKVX interval fund, ARKK, ARKW and ARKF ETFs, the Fundrise Innovation Fund (VCX) or accredited secondary secondary-market offerings.