AI BRIEFING · 2026-06-16

SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO

plus 9 more stories

Also: DOJ Lawyers Argue xAI Is 'Vital' for National Security in NAACP Lawsuit, and OpenAI spending hit $34bn last year ahead of planned IPO. Every story links to its primary source.

Curated by Gaurav · June 16, 2026

03

OpenAI spending hit $34bn last year ahead of planned IPO

Financial Times Tech ↗

Audited figures show OpenAI spent about $34 billion last year on model development, infrastructure, and rapid expansion, with leaked docs indicating billions in annual losses ahead of a planned IPO.

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