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Elon Musk may be the busiest dealmaker right now. This Tuesday, his SpaceX rocket company said it had an option to buy coding startup Cursor for $60 billion. That would be the biggest venture-backed acquisition—other than SpaceX’s February purchase of his startup, xAI, for what Musk has said was a $250 billion valuation. Outside the Musk-verse, by contrast, tech bankers have been complaining about how slow dealmaking is—particularly in software, where executives seem paralyzed by the rapid-fire releases of competing Anthropic and OpenAI features. (One software banker even mused that this is the quietest time of their entire career.) One place, however, is bucking the trend: Israel.
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