SpaceX has announced a deal to acquire Anysphere, the company behind the AI coding tool Cursor. The all-stock transaction values Cursor at $60 billion and is expected to close in the third quarter of 2026. The deal comes shortly after SpaceX’s Nasdaq debut, which valued the company above $2 trillion. It also expands Elon Musk’s push into enterprise AI through software, cloud capacity, and developer tools.
Space Exploration Technologies Corp. and its subsidiary X67 Inc. have entered into a merger agreement with Anysphere Inc. Under the deal, X67 Inc. will merge with Cursor, making Cursor a wholly owned subsidiary of SpaceX after closing.
The transaction remains subject to closing conditions, including regulatory approvals. SpaceX expects the merger to close during the third quarter of 2026, if those conditions are met.
The deal will be completed through an all-stock transaction. Each share of Cursor common stock and preferred stock outstanding before the merger becomes effective will be converted into the right to receive shares of SpaceX Class A common stock.
SpaceX had already shown interest in Cursor earlier this year. In April, the company secured an option to acquire the San Francisco-based firm for $60 billion or pay $10 billion for their partnership if the deal did not proceed.
Cursor has become one of the leading AI coding tools used by software developers. The platform uses artificial intelligence to support coding work, which has become one of the strongest business areas for AI startups.
Anysphere was founded in 2022 and has grown quickly in the enterprise software market. Company data shared with Reuters showed about $2.6 billion in annualized business-to-business revenue, with enterprise sales rising sharply.
The acquisition gives SpaceX a stronger position in AI coding tools. It also brings Cursor closer to SpaceX’s computing resources, which could support model development and product growth.
The deal may also support xAI, the Grok chatbot maker that SpaceX merged with in February. xAI has been working to expand its place in the AI market, while coding tools remain a key area of demand among enterprise customers.
The Cursor deal comes days after SpaceX went public on Nasdaq in a major market debut. The listing valued the rockets-to-AI company at more than $2 trillion, placing it among the world’s most valuable companies.
SpaceX has also been growing its AI and cloud business. The company recently signed agreements with Anthropic and Alphabet-owned Google to lease cloud computing capacity worth about $26 billion combined on an annual basis.
Both cloud deals include 90-day termination clauses. That means SpaceX could reclaim computing capacity if needed, depending on its own AI plans and internal demand.
In March, two product engineering heads at Cursor joined SpaceX. They were reported to be working on SpaceX lunar projects and xAI, showing earlier links between the companies before the merger announcement.
SpaceX shares moved higher after the merger announcement and recent market activity. SPCX stock closed 19.60% higher at $192.50 on Monday, supported by a broader market rally.
The stock later climbed 10% to $203 in overnight trading. In premarket trading on Tuesday, SPCX rose nearly 4% to trade near $209 at press time.
The latest move helped SpaceX overtake Amazon as America’s fifth-largest company by market value. The stock has continued to attract attention after its Nasdaq listing and the Cursor acquisition deal.
Analysts said SPCX faces resistance between $220 and $225 and a move above that range could open the way toward $240.
