SpaceX to Acquire Cursor in $60 Billion All-Stock Deal

SpaceX has agreed to acquire Anysphere, the company behind AI coding platform Cursor, in an all-stock transaction that values the startup at an implied equity value of $60 billion, according to a Form 8-K filed with the US Securities and Exchange Commission on June 16. 

The deal will see X67 Inc, a wholly owned SpaceX subsidiary, merge with Anysphere, with Anysphere surviving as a wholly owned subsidiary of SpaceX.

The transaction remains subject to customary closing conditions, including regulatory approvals. SpaceX said it expects the merger to close during the third quarter of 2026.

The acquisition formalises a relationship that began earlier this year when SpaceX secured an option to acquire Anysphere for $60 billion.

That agreement also included an alternative structure under which SpaceX would have paid $10 billion if the acquisition did not proceed.

Founded in 2022 by MIT graduates Michael Truell, Sualeh Asif, Aman Sanger, and Arvid Lunnemark, Cursor began as a standalone fork of Microsoft’s VS Code editor before emerging as one of the fastest-growing AI software companies. 

Cursor has raised more than $2.8 billion to date. Its latest disclosed funding round was a $2.3 billion Series D in November 2025, which valued the company at $29.3 billion and was led by investors including Thrive Capital, Andreessen Horowitz and Accel. 

The Cursor acquisition follows a series of major corporate moves by SpaceX in 2026. 

In February, the company completed an all-stock acquisition of xAI, folding Elon Musk’s AI company into the SpaceX group as a wholly owned subsidiary in a transaction that valued xAI at roughly $250 billion and the combined business at about $1.25 trillion. 

SpaceX completed its long-awaited Nasdaq debut a few days ago, raising $75 billion before underwriters exercised an additional allotment option, increasing total proceeds to approximately $85.7 billion, making it the largest IPO on record.