Apple’s new CEO, and why Elon Musk wants to buy Cursor for $60B

A new era is on the way for Apple as Tim Cook plans to step down from his CEO role in September,handing the reins to hardware chief John Ternus.

Ternus may be inheriting one of the most durable businesses in tech, buthe’salso stepping intoa very differentecosystem than the one Cook spent decades shaping. The App Store’s 30% cut is under pressure, the behind-the-scenes power Apple once held over developers is being challenged, andvibe-codedapps are changing what it means to build on Apple’s platform.

On this episode of TechCrunch’sEquitypodcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into what this transition means for startups and a closer look at some of the week’s biggest deals — includingSpaceX’s $60B option on Cursor.

Listen to the full episode to hear about:

  • What theSpaceX-Cursor agreement(and that$10 billionbreakup fee) says about Elon Musk’s AI strategy post-xAImerger
  • Why fintechRevolutand AI chip startupCerebras‘ public market plans have us wondering whether this isactually theyear the IPO market reopens

Subscribe to Equity onYouTube,Apple Podcasts,Overcast,Spotifyand all the casts. Youalso canfollow Equity onXandThreads, at @EquityPod.

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