Space Exploration Technologies Corp. agreed to acquire Anysphere, Inc., the parent company of AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion, the company said Tuesday.
SpaceX will issue Class A common stock to Cursor shareholders as consideration for the deal, with each class of Cursor stock — common and preferred — converting into SpaceX shares
How many SpaceX shares each Cursor holder receives will depend on a volume-weighted average of SpaceX’s closing price across the seven trading days preceding the transaction’s completion. SpaceX expects the transaction to close during the third quarter of 2026, pending regulatory approvals. SpaceX had only recently made its stock market debut — an IPO that CNBC called the largest in history — when it moved to finalize the Cursor deal, having priced shares at $135 and watched them open on the Nasdaq at $150.
SpaceX stock gained roughly 16% on Tuesday, according to CNBC. SpaceX announced an option to acquire Cursor for $60 billion earlier this year, alongside an alternative arrangement in which SpaceX would pay $10 billion for collaborative work if it chose not to exercise the purchase option. Tuesday’s filing confirms SpaceX moved to complete the outright acquisition.