SpaceX agrees to buy Cursor for $60 billion

SpaceX said it will acquire Anysphere, the company behind the AI coding agent Cursor, for $60 billion, expanding its presence in the enterprise artificial intelligence market.

The announcement came on Tuesday, only days after SpaceX’s public debut on the Nasdaq. That listing lifted the company’s valuation past $2 trillion, making it one of the world’s most valuable corporations.

According to a Reuters report cited in the source material, SpaceX officials said they expect the deal to close during the third quarter of 2026.

Deal follows earlier option

SpaceX had been monitoring Cursor for months. In April, the company obtained an option that gave it two paths: buy the San Francisco-based startup for $60 billion later in the year or pay $10 billion for a corporate partnership. SpaceX ultimately chose a full acquisition.

Cursor, founded in 2022, has grown by using AI to automate computer programming and build coding agents. Earlier this month, company data shared with Reuters showed Cursor had reached about $2.6 billion in annualized enterprise revenue alongside sales.

sbb-itb-e766981

Fit with Musk’s AI businesses

The acquisition is expected to strengthen xAI, the maker of the Grok chatbot, which merged with SpaceX in February. The source article said xAI has trailed competitors including OpenAI and Anthropic in the specialized AI coding market.

By bringing Cursor into Musk’s AI operations, the deal gives that ecosystem an immediate position in the coding segment. The source article also said Cursor’s team would gain access to the large computing capacity needed to build next-generation AI models.

In March, two senior product engineering leaders at Cursor left the startup for SpaceX, where they were set to work on xAI and the company’s lunar exploration projects.

Read the source