SpaceX Lands $60 Billion Acquisition of AI Coding Assistant Cursor
Following its record-breaking Nasdaq IPO, SpaceX has unveiled plans to acquire Anysphere, the San Francisco-based startup behind the AI coding assistant Cursor. The all-stock deal, valued at a staggering $60 billion, marks the largest acquisition of an AI developer-tools company in history. The merger agreement was signed and confirmed through an SEC Form 8-K regulatory filing on June 16, 2026.
Since its launch in 2022, Cursor has quickly risen to prominence among software engineers, offering AI-assisted code generation and editing. By November 2025, the company had already achieved $1 billion in annualized revenue. As per the terms of the deal, Anysphere will become a wholly owned subsidiary of SpaceX, with each share of Cursor stock converting into SpaceX Class A common stock. The transaction is slated to close in Q3 2026, pending regulatory approvals.
The acquisition is set to bolster xAI, SpaceX’s AI unit, by merging Cursor’s extensive developer distribution with real-world coding data to enhance training models like Grok. “This is a meaningful step on our path to build the best place to code with AI,” stated Cursor CEO Michael Truell. The announcement sparked a surge in SpaceX shares, propelling the company past Amazon and Microsoft in U.S. market capitalization.
Source: CNBC – SpaceX to acquire the AI coding startup Cursor for $60 billion