SpaceX paid $60 billion for AI coding tool Cursor just four days after going public, setting a 23x ARR multiple that reframes developer tooling as strategic vertical integration for deep-tech companies. Alibaba dropped the Qwen Robot Suite—three foundation models for real-world navigation, manipulation, and state prediction—putting embodied AI on the same commoditization track as language models. The Netherlands became the latest European government to train a sovereign AI model from scratch, with a novel Content Board governance mechanism that could become a template for justified public AI spending across the EU.