AI coding startup valued at $60 billion after raising funds from SpaceX

The AI coding startup reached a $60 billion valuation after securing investment from SpaceX. The company grew from an online chat group that its chief executive used to recruit engineers. The same group later became a channel for hiring and product feedback.

Growth and funding SpaceX participated in the latest funding round, according to the report. No other investors were named. The company develops an AI-powered code editor aimed at software developers. Its valuation places it among the highest for privately held AI firms.

Talent strategy Recruitment began inside the chat group before expanding to formal hiring channels. The approach allowed early users to test features and suggest improvements. The report did not disclose revenue figures or employee headcount.