Elon Musk's SpaceX announced Tuesday it will acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion.
The move aims to significantly expand the company's presence in the enterprise AI market. The announcement follows SpaceX's blockbuster Nasdaq debut, which valued the firm at more than $2 trillion. The company expects the merger to close in the third quarter of 2026.
Cursor has rapidly scaled since its 2022 founding alongside other Silicon Valley AI firms that automate coding. The San Francisco-based company has achieved roughly $2.6 billion in annualized business-to-business revenue, with enterprise sales growing sharply.
The deal provides Grok chatbot maker xAI-merged with SpaceX in February-a stronger foothold in the AI coding market where it has lagged rivals. It will also supply Cursor with increased computing capacity for AI model development.
It remains unclear if the acquisition will affect SpaceX's recent agreements to lease cloud computing capacity to Anthropic and Google, deals worth roughly $26 billion combined annually. Both agreements include 90-day termination clauses, allowing SpaceX to rapidly reclaim resources if needed.