SpaceX Acquires AI Coding Startup Cursor for 60 Billion Dollars After IPO
SpaceX used its newly public stock to acquire Cursor, an AI coding assistant made by Anysphere, in a deal valued at 60 billion dollars. The acquisition came days after SpaceX's June 11 IPO, which valued the company at 2.5 trillion dollars. The deal is one of the largest in AI industry history.
SpaceX acquired Cursor, the AI coding assistant developed by startup Anysphere, in a stock deal valued at 60 billion dollars. The acquisition was announced on June 16, 2026, five days after SpaceX completed its initial public offering.
SpaceX's IPO on June 11 valued the company at approximately 2.5 trillion dollars, making it the fourth-largest publicly traded company in the United States. The company allocated 20 percent of its IPO shares to retail investors.
Cursor is one of the most widely used AI coding tools among software developers. It integrates with popular code editors and uses large language models to suggest, complete, and debug code. The tool had millions of active users at the time of the acquisition.
Elon Musk said the deal positions SpaceX to build a full-stack technology company combining space infrastructure, satellite internet, and AI software development tools.
The acquisition follows a broader trend of large technology companies using AI coding tools to accelerate software development. Analysts said the 60 billion dollar price tag reflects the premium placed on AI tools that are already embedded in developer workflows.
Anthropic, the AI safety company, separately announced it had surpassed OpenAI in annualized revenue, reaching a 30 billion dollar run rate. Anthropic also secured a 3.5-gigawatt compute deal with Google and Broadcom extending through 2031.
