SpaceX agreed to buy Cursor for $60 billion in stock. Cognition raised at $48 billion, Lovable confirmed $13.3 billion, and Replit hit $9 billion earlier in the year.
The market is not consolidating into one winner, as TechCrunch noted about Cognition's round. But strategic acquirers with large balance sheets are now bidding for the leaders. Our view is that independent coding companies will increasingly have to choose between scale as stand-alone businesses and a home inside a platform.
Source: TechCrunch