Elon Musk's SpaceX announced Tuesday a definitive agreement to acquire Anysphere, the software firm behind the widely used AI coding agent Cursor, for $60 billion.
The acquisition is a direct maneuver to expand SpaceX's footprint in the enterprise artificial intelligence market. The announcement closely follows the company's blockbuster Nasdaq debut, which valued the aerospace and AI conglomerate at more than $2 trillion, instantly ranking it among the world’s most valuable public entities.
SpaceX expects the merger to be finalized during the third quarter of 2026.
Cursor has cemented its reputation alongside industry leaders like OpenAI and Anthropic, attracting a massive wave of developers by automating the software coding process. The deal is strategically significant for xAI, the Grok chatbot maker that merged with SpaceX in February, providing it with a long-awaited competitive edge in AI-assisted development. Furthermore, the integration promises to supply Cursor with the vast computing resources required to advance its next-generation models.