SpaceX has agreed to acquire Anysphere, maker of the Cursor AI coding platform, in a $60 billion all-stock deal announced on Tuesday. The transaction follows SpaceX’s Nasdaq listing on 12 June, which valued the company at more than $2 trillion and raised $85.7 billion, and is expected to close in the third quarter of 2026.
The deal is expected to strengthen xAI, Elon Musk’s chatbot business, which merged with SpaceX earlier this year. Cursor, founded in 2022, has become a fast-growing tool for developers to generate, edit and review code, with roughly $2.6 billion in annualised business-to-business revenue, according to company data previously shared with Reuters.
SpaceX said it would work with the Cursor team to advance frontier AI capabilities, while CNBC reported the company sees the acquisition as a way to compete more directly with OpenAI and Anthropic. BBC News reported that Cursor is used by Stripe, Adobe and Nvidia, and Nvidia chief executive Jensen Huang has called it his “favourite enterprise AI service”.
Reuters reported that SpaceX shares rose nearly 10 per cent in pre-market trading after the announcement, putting the company on course to add about $247 billion to its market value. Filings show SpaceX would owe a $10 billion termination fee if the deal collapses under certain conditions and a further $4 billion fee if antitrust obstacles block completion.
