SpaceX Acquires AI Coding Tool Cursor in 60 Billion Dollar All-Stock Deal

SpaceX announced an all-stock agreement to acquire Anysphere, the parent company of the AI coding tool Cursor, for 60 billion dollars, according to reports from TechStartups and CNBC on June 16, 2026.

Cursor is an AI-powered code editor that has gained a large following among software developers for its ability to suggest, complete, and debug code in real time. The tool competes with GitHub Copilot and other AI coding assistants that have become standard in many development environments.

The deal is expected to close in the third quarter of 2026, pending regulatory review. SpaceX shares rose 8 percent in premarket trading on the day of the announcement, pushing the company's market capitalization close to Amazon's.

SpaceX went public earlier this year in a record-breaking IPO valued at between 75 and 85.7 billion dollars. The Cursor acquisition is the company's largest since going public and represents a significant expansion beyond its core aerospace and satellite businesses.

Analysts said the move reflects Elon Musk's broader strategy of building an integrated technology ecosystem. SpaceX already operates Starlink, the satellite internet service, and the acquisition of a developer tool suggests the company is positioning itself to serve enterprise software customers.

Cursor's founders will remain with the company following the acquisition, according to the announcement. The tool will continue to operate as a standalone product while being integrated into SpaceX's broader technology infrastructure.

The deal adds to a wave of large AI acquisitions in 2026. Salesforce agreed to buy the AI customer service platform Fin for approximately 3.6 billion dollars in the same week, and Qualcomm was reported to be in talks to acquire AI chipmaker Tenstorrent for between 8 and 10 billion dollars.