SpaceX agrees to acquire Anysphere, parent of AI coding tool Cursor, for $60 billion in stock, expanding its AI capabilities post-IPO.
SpaceX will acquire Anysphere, the parent company of AI startup Cursor, in a $60 billion all-stock deal expected to close in the third quarter. The agreement follows SpaceX’s record $85.7 billion IPO in February and a prior partnership with Cursor announced in April.
Cursor, known for its agentic AI coding tool, serves major clients including OpenAI, Nvidia, and Adobe. The company reported over $1 billion in annualized revenue by the end of 2025. SpaceX’s prospectus had previously disclosed an option to purchase Anysphere.
The deal aims to leverage SpaceX’s xAI infrastructure to accelerate Cursor’s model training, addressing compute bottlenecks for its Composer coding model.