SpaceX has announced the acquisition of Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valued at $60 billion — the largest acquisition of a venture-backed startup ever recorded. The transaction is expected to close in Q3 2026, pending regulatory approval. SpaceX secured an option in April giving it the right to either enter a $10 billion partnership or buy Cursor outright; on Tuesday, it exercised the larger option.
Cursor has emerged as one of the fastest-growing enterprise software tools of 2026, generating approximately $2.6 billion in annualized revenue. Founded in 2022, the AI-powered code editor provides developers with chat-based assistance, autocomplete, and autonomous coding agents capable of writing, reviewing, and debugging software.
The deal positions SpaceX to compete more directly with Anthropic and OpenAI, both of which offer popular AI coding assistants. SpaceX plans deeper integration between Cursor and its existing AI ecosystem — including Grok-related technologies — as the company pushes aggressively into enterprise AI. SpaceX shares extended their gains following the announcement.