SpaceX confirmed that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion in an all-stock transaction. In a filing with the Securities and Exchange Commission, SpaceX said it expects the acquisition to close during the third quarter, pending regulatory approvals.
The deal follows an option SpaceX secured in April, which gave the company the right to either pay roughly $10 billion for a partnership with Cursor or acquire the company outright for $60 billion later in the year. SpaceX chose the full acquisition path.
Cursor’s business has scaled rapidly since Anysphere’s founding in 2022, generating roughly $2.6 billion in annualized revenue with enterprise sales rising steadily, according to Reuters. The company had been in talks as recently as April to raise new funding at a valuation of approximately $50 billion, meaning SpaceX’s acquisition price represents a meaningful premium over that figure.
Cursor is an AI-powered code editor designed to accelerate software development, combining a chatbot assistant, code autocomplete, and AI agents capable of handling coding tasks independently.
SpaceX stock rose in early trading following the announcement, extending gains for a third consecutive day since its IPO last week, which raised more than $80 billion and valued the company at over $2 trillion. Stock options on SpaceX also began trading on Tuesday for the first time, marking the first opportunity for investors to trade derivatives on the newly public stock.
Industry analysts view the acquisition as part of a broader vertical integration strategy. Bret Greenstein, Chief AI Officer at technology consulting firm West Monroe, said SpaceX appears to be following a pattern already seen at Tesla.
“AI also requires the infrastructure to support it, including energy, data centers, and connectivity, all of which tie directly to SpaceX’s broader goals,” he said, adding that this level of vertical integration could become a major competitive advantage as AI development advances.
The acquisition positions SpaceX to compete directly in the enterprise AI software market, expanding well beyond its traditional aerospace and satellite internet businesses.
You can see the deal filing here.
