SpaceX (NASDAQ: SPCX) is acquiring Anysphere, the startup behind AI coding assistant Cursor, in an all-stock deal valued at $60 billion. The transaction, expected to close by the end of the third quarter of 2026, will make Cursor a wholly owned subsidiary of the company.
The acquisition comes on the heels of SpaceX’s record-breaking IPO on Friday, which raised between $75 billion and $85.7 billion and valued the company at more than $2 trillion on Nasdaq, the biggest listing in history.
The deal signals SpaceX’s ambitions to grow its AI division, xAI, which operates the Grok chatbot and has so far struggled to compete with frontier AI leaders including Anthropic, OpenAI, Google, and Meta.
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Launched in 2022, Cursor helped popularize so-called “vibe coding,” a workflow in which AI tools autonomously generate software with minimal human input. The product has attracted a notable roster of enterprise clients, including Stripe, Adobe, and Nvidia, whose CEO Jensen Huang has called it his “favourite enterprise AI service.”
The two companies had already telegraphed a potential deal. Back in April, SpaceX announced on X that it had secured the right to either acquire Cursor outright for $60 billion or pay $10 billion for a collaborative working arrangement. At the time, SpaceX cited its Colossus supercomputer cluster, equivalent to one million H100 GPUs, as a key asset the partnership would unlock, saying the combination would allow them to “build the world’s most useful models.”
Cursor shareholders will receive $60 billion worth of SpaceX stock as consideration. The deal hands SpaceX a product with meaningful distribution among professional software developers, an audience xAI has struggled to reach.
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