Key facts
- SpaceX is acquiring Anysphere, the company behind AI coding agent Cursor, for $60 billion in an all-stock deal.
- The acquisition aims to strengthen SpaceX's position in the enterprise AI market.
- Cursor uses AI to automate large parts of software development.
- The deal follows SpaceX's recent record-breaking IPO.
- SpaceX has arranged to lease data center capacity to AI firms Anthropic and Google.
SpaceX has agreed to acquire Anysphere, the company behind the AI coding tool Cursor, in an all-stock deal valued at $60 billion. The acquisition aims to bolster SpaceX's presence in the enterprise AI market and enhance its AI division, xAI. Cursor utilizes AI to automate software development, a capability widely adopted by programmers and used by companies like Stripe, Adobe, and Nvidia.
The deal follows SpaceX's recent blockbuster IPO, which saw its shares rise significantly from the $135 offer price. Despite this, SpaceX has incurred substantial losses, exceeding $9 billion in 2025 and 2026, attributed to heavy investments in AI and infrastructure. Concurrently, SpaceX has arranged to lease data center capacity to AI firms Anthropic and Google for approximately $26 billion annually, with provisions for early termination.
The acquisition of Cursor is anticipated to conclude by the end of the third quarter, pending regulatory approval. This move signifies SpaceX's aggressive expansion into enterprise AI software, moving beyond its core rocket and satellite business.