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A curated list of other prominent stories from this day.
Summary
AI coding startup Cursor is now officially part of SpaceX after the acquisition closed.
The deal shifts Cursor from an independent startup into SpaceX, giving the aerospace company control
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SpaceX is expanding its ownership of AI software talent and technology beyond its core aerospace operations.
Summary
Bob Iger and Josh Kushner agreed within days to buy the Los Angeles Lakers for a record $12.5 billion after pursuing a Las Vegas NBA expansion team. The deal comes as Madison Square Garden Sports considers separating the Knicks and Rangers and Jeff Bezos joins a group buying a minority stake in Liverpool.
The record price confirms that investors are paying a steep premium for scarce, globally recognized
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The Lakers sale resets the benchmark for sports-team valuations and makes future acquisitions more expensive.
Summary
The Los Angeles Lakers’ $12.5bn sale shows how far elite sports franchise valuations have risen. The piece also examines what Liverpool’s new shareholders bring to the club.
The decisive shift is that top sports teams now command valuations comparable to major global
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Record valuations are reshaping who can own major sports teams and how those assets must generate returns.
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