Key facts
- SpaceX is acquiring AI coding startup Cursor (Anysphere) for $60 billion in an all-stock deal.
- The acquisition aims to enhance SpaceX's enterprise AI presence and integrate Cursor's coding tools with its AI ventures.
- Cursor, founded in 2022, is a leading AI coding platform.
- SpaceX's valuation has surpassed Amazon's, reaching approximately $2.75 trillion following its recent IPO.
- The deal is expected to close in Q3 2026, pending regulatory approval.
SpaceX has agreed to acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion in an all-stock transaction. This move marks SpaceX's first major acquisition and follows its recent record-breaking IPO, which has propelled its market value past Amazon's. The acquisition aims to bolster SpaceX's enterprise AI presence by integrating Cursor's AI tools, which assist programmers in writing, editing, and debugging code. Cursor, founded in 2022, has rapidly grown into a significant player in the generative AI boom. SpaceX stated that the combination of Cursor's software with its extensive computing infrastructure will accelerate the development of advanced AI models. This integration is also expected to benefit xAI, Elon Musk's AI business. The acquisition will be paid entirely in SpaceX shares, providing Cursor investors exposure to the company's high valuation while allowing SpaceX to preserve cash. The deal is based on a prior agreement that gave SpaceX an exclusive option to acquire Anysphere for $60 billion, with a $10 billion breakup fee if the option was not exercised. SpaceX exercised this option on June 16, signing the merger agreement. Anysphere shareholders will receive SpaceX Class A stock based on the company's average share price over the seven trading days preceding the deal's close. The acquisition is expected to close in the third quarter of 2026, pending regulatory approval. Cursor has faced controversy, including a claim that its AI agent deleted a startup's database.