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SpaceX announced plans to acquire Anysphere, the developer of the AI coding platform Cursor, in a deal valued at $60 billion. The all-stock transaction marks one of the largest acquisitions in the artificial intelligence sector and broadens SpaceX’s reach beyond aerospace, satellite communications, and infrastructure services.
The transaction is expected to close during the third quarter of 2026, subject to regulatory approvals and customary closing conditions.
SpaceX Agrees to Acquire Cursor Developer
Space Exploration Technologies Corp. and its subsidiary X67 Inc. have signed a merger agreement with Anysphere Inc. Under the deal, X67 will merge with Anysphere, and the Cursor parent will become a wholly owned SpaceX subsidiary. The companies expect the transaction to close in the third quarter of 2026, subject to closing conditions and regulatory approvals.
The deal values Anysphere at $60 billion and will use SpaceX Class A common stock as payment. Cursor common stock and preferred stock will convert into the right to receive SpaceX shares when the merger takes effect. The structure keeps the acquisition tied to SpaceX’s equity value after its public listing.
SpaceX had already prepared a path toward the deal in April. At that time, the company secured an option to acquire Cursor for $60 billion later in 2026 or pay $10 billion for its partnership with the startup.
SpaceX News: Cursor Adds Enterprise AI Coding Revenue
Anysphere launched Cursor in 2022 and built it into one of the most used AI coding tools among software developers. The product helps users write, edit, and automate code with artificial intelligence. Its growth places it in a market that also includes OpenAI, Anthropic, and other AI software firms.
Cursor has drawn strong demand from business users. Company data placed its annualized business-to-business revenue near $2.6 billion. Another SpaceX news placed its annualized revenue above $2 billion, showing how quickly the product has scaled since launch.
The acquisition gives SpaceX access to a developer-focused user base. These users include software engineers and enterprise teams that rely on AI tools for daily coding work. SpaceX can also offer Cursor more computing capacity, which could help Anysphere train future AI models.
xAI Gains a Route Into AI Developer Tools
The Cursor deal also links closely to xAI, the Grok chatbot maker that SpaceX merged with earlier in 2026. xAI has competed in consumer AI through Grok, but it has held a smaller position in AI coding tools. Cursor gives the group a working product with paying enterprise customers and a large developer audience.
SpaceX has also built a wider computing business around data center capacity. The company recently reached cloud capacity agreements with Anthropic and Alphabet-owned Google.
Two Cursor product engineering heads joined SpaceX in March to work on lunar projects and xAI. Their move came before the full merger agreement and showed closer technical links between the companies.
SPCX Stock Extends Rally After Merger News
SpaceX shares rallied after the company announced the Anysphere agreement. SPCX closed 19.60% higher at $192.50 on Monday as broader market sentiment improved. The stock then rose in overnight and premarket trading as investors reacted to the Cursor deal.
In premarket trading on Tuesday, SPCX moved near $219 after gaining about 21%. Overnight trading also saw the stock move above $215, keeping it above its IPO price. The rally placed SpaceX among the largest U.S. companies by market value.
