SpaceX Acquires AI Coding Platform Cursor for 60 Billion Dollars
SpaceX announced on June 16, 2026, that it will acquire Anysphere, the startup behind the AI coding assistant Cursor, in an all-stock deal valued at $60 billion. The acquisition follows SpaceX's historic IPO earlier in June and is designed to strengthen its xAI division. Cursor has approximately $2.6 billion in annualized revenue and is widely used by software developers.
HAWTHORNE, Calif. — SpaceX announced June 16 that it will acquire Anysphere, the startup behind the AI coding assistant Cursor, in an all-stock deal worth $60 billion, days after completing the largest IPO in history.
The deal gives SpaceX a product with roughly $2.6 billion in annualized revenue and deep penetration into developer workflows. Cursor, which uses AI to help programmers write, edit, and debug code, has become one of the most widely used tools in software development since its launch.
SpaceX structured the acquisition as a strategic option it established in April 2026, which gave the company the choice to either partner with Anysphere for $10 billion or buy it outright for $60 billion. It chose the full acquisition.
The deal is expected to close in the third quarter of 2026. SpaceX will pay a $10 billion termination fee if the deal collapses under certain conditions, or $4 billion if the failure is due to antitrust issues.
SpaceX's xAI division, which was merged into the company earlier this year, had faced internal turbulence, including the departure of all 11 co-founders by March 2026. Acquiring Cursor gives xAI a proven product and a large user base as it competes with Microsoft, Google, and other AI giants in the enterprise software market.
At the time of the announcement, SpaceX's market capitalization stood at approximately $2.5 trillion, briefly surpassing Amazon's. The company's stock has risen sharply since its IPO price of $135 per share.
