SpaceX (NASDAQ:SPCX) has reached an agreement to acquire Anysphere, the developer of the artificial intelligence coding assistant Cursor, in a stock-for-stock deal that values the company at $60 billion.
The transaction will see SpaceX (NASDAQ:SPCX) subsidiary X67 Inc merge with Anysphere, after which Cursor will operate as a wholly owned subsidiary of SpaceX
The company expects the acquisition to close in the third quarter of 2026, pending regulatory approvals and other customary closing conditions. Under the agreement, holders of Cursor’s common and preferred shares will receive SpaceX Class A stock. The exchange ratio will be determined using Cursor’s $60 billion implied equity value and the volume-weighted average closing price of SpaceX shares during the seven trading days leading up to the closing date.
The acquisition follows SpaceX’s recent public market debut, which valued the company at more than $2 trillion. It also comes several months after SpaceX combined with xAI, Elon Musk’s artificial intelligence venture and creator of the Grok chatbot. Cursor has emerged as a prominent player in the market for AI-powered coding tools, a segment that has seen growing adoption among software developers and increased competition among technology companies.