SpaceX to buy Cursor maker Anysphere for $60B

SpaceX Moves to Acquire AI Coding Startup Cursor for $60 Billion

SpaceX announced on Tuesday that it will exercise its option to acquire Anysphere, the company behind the AI coding assistant Cursor, in a deal valued at $60 billion, according to Reuters. The acquisition, which SpaceX expects to close during the third quarter of 2026, comes just days after the company’s historic debut on the Nasdaq and marks one of the largest AI deals in history.reuters

From Option to Acquisition

The path to Tuesday’s announcement began in April, when SpaceX secured the right to either acquire Cursor for $60 billion or pay $10 billion for a collaboration partnership. The deal was structured as a call option, giving SpaceX flexibility to time the acquisition around its planned IPO. Bloomberg reported in May that SpaceX intended to proceed with the purchase approximately 30 days after going public.infoworld

SpaceX’s IPO on June 12 raised roughly $75 billion at a price of $135 per share, making it the largest public offering in history. Shares closed nearly 20 percent higher on their first day of trading, pushing the company’s market capitalization past $2 trillion. The deal for Cursor will involve the issuance of $60 billion in Class A stock, according to SpaceX’s IPO filing.reuters

AI Ambitions and the xAI Connection

The acquisition would pair Cursor’s coding models and its popular integrated development environment with SpaceX’s Colossus AI training supercomputer, which the company describes as equivalent to one million H100 GPUs. SpaceX merged with xAI, the creator of the Grok chatbot, in February, and the Cursor deal is intended to strengthen its position in the AI coding market where it has lagged rivals.futurumgroup

Cursor CEO Michael Truell described the initial partnership as an effort to “scale up Composer,” a reference to Cursor’s proprietary AI model. The startup had been on the verge of closing a $2 billion funding round at a $50 billion valuation before the SpaceX deal preempted it.cnbc

What’s at Stake

The deal raises questions for Cursor’s enterprise customers about model neutrality and data handling, given that contracts currently include commitments that neither Cursor nor its model providers train on customer data. If completed on schedule, the acquisition would give SpaceX a direct challenge to Microsoft-backed GitHub Copilot and other AI coding tools in what has become one of the fastest-growing segments of enterprise software.infoworld