SpaceX Announces $60 Billion Deal for AI Coding Firm Cursor

SpaceX confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.

The Cursor AI coding platform, developed by Anysphere, is set to join SpaceX in a reported $60 billion acquisition deal. (Photo: Cursor X)

The deal will be an all-stock transaction, with the company expecting the merger to close during the third quarter, pending regulatory approvals, Pras Subramaniam reported for Yahoo Finance.

The agreement follows an option SpaceX secured in April this year, under which the company obtained the right either to pay roughly $10 billion for a partnership with Cursor or acquire the company outright for $60 billion later in the year.

SpaceX shares rose in premarket trading, poised for three straight days of gains since its IPO. Cursor’s business has scaled rapidly since its founding in 2022, with roughly $2.6 billion in annualized revenue and rising enterprise sales, according to Reuters.

In April, the company had reportedly been in talks to raise new funding at a valuation of roughly $50 billion.

Cursor is an AI-powered code editor designed to accelerate software development. It includes a chatbot assistant, code autocomplete, and AI agents capable of handling coding tasks independently.

SpaceX sees the acquisition as part of an effort to expand in the enterprise AI market. The deal follows SpaceX’s major IPO last week, which reportedly raised more than $80 billion and valued the company at over $2 trillion.