SpaceX to Acquire Cursor Maker Anysphere in $60 Billion AI Deal
SpaceX announced on Tuesday that it will acquire Anysphere, the company behind the AI coding assistant Cursor, in a deal valued at $60 billion. According to Reuters, the transaction is expected to close during the third quarter of 2026. Moreover, the announcement comes only days after SpaceX’s historic Nasdaq debut. As a result, the deal ranks among the largest AI acquisitions ever completed.
The journey toward the acquisition began in April. At that time, SpaceX secured the option to either purchase Cursor for $60 billion or pay $10 billion for a strategic collaboration. The agreement gave the company flexibility while it prepared for its public listing. Subsequently, reports indicated that SpaceX planned to move forward with the acquisition shortly after going public.
Meanwhile, SpaceX’s IPO on June 12 raised approximately $75 billion at $135 per share. Shares then surged nearly 20% on their first trading day. Consequently, the company’s market value exceeded $2 trillion. The acquisition will be financed through the issuance of $60 billion in Class A stock.
Strengthening AI and Software Capabilities
The acquisition would combine Cursor’s coding models and integrated development environment with SpaceX’s Colossus AI training supercomputer. The company states that Colossus delivers computing power equivalent to one million H100 GPUs. Furthermore, the move follows SpaceX’s merger with xAI in February, which brought the Grok chatbot into its growing AI ecosystem.
As competition intensifies in the AI coding sector, SpaceX aims to strengthen its position against established rivals. Cursor’s technology could significantly expand the company’s software and developer-focused offerings.
Cursor CEO Michael Truell described the initial partnership as an effort to “scale up Composer,” a reference to Cursor’s proprietary AI model. Before the acquisition announcement, the startup was reportedly close to securing a $2 billion funding round at a $50 billion valuation. However, the SpaceX deal ultimately changed that path.
Enterprise Software Market Faces New Competition
The proposed acquisition also raises questions among enterprise customers. In particular, some clients may seek clarity regarding model neutrality and data-handling practices. Current agreements state that neither Cursor nor its model providers use customer data for training purposes.
If the transaction closes as planned, SpaceX will gain a direct foothold in the rapidly expanding AI coding market. Consequently, the company will compete more aggressively with Microsoft-backed GitHub Copilot and other AI-powered software development platforms. As demand for coding assistants continues to rise, the deal could reshape one of the fastest-growing segments of enterprise software.
