SpaceX to acquire Cursor parent for $60 billion

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SpaceX announced it will buy AI coding startup Cursor's parent company Anysphere in a $60 billion all-stock deal. The transaction is expected to close in the third quarter of 2026.

SpaceX confirmed the agreement on Tuesday, two days after its record-breaking IPO on the NASDAQ. The deal will make Anysphere a wholly owned subsidiary and follows an April arrangement giving SpaceX the option to purchase the company.

Cursor, founded in 2022, provides AI-assisted programming tools used by developers worldwide. The acquisition comes after SpaceX merged with xAI earlier this year, as the combined company seeks to strengthen its position in enterprise AI.

Cursor shareholders will receive SpaceX stock in the transaction. The move aims to combine Cursor's developer tools and user base with SpaceX's expanded AI infrastructure and compute resources.

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