SpaceX Reportedly Plans $60 Billion Acquisition of AI Coding Startup Cursor in Enterprise Push
SpaceX said on Tuesday that it will acquire Anysphere, the software company behind the AI coding tool Cursor, for $60 billion as it moves deeper into the enterprise artificial intelligence market. The announcement comes days after Elon Musk’s rockets-to-AI company went public in a blockbuster Nasdaq debut that valued SpaceX at more than $2 trillion, making it one of the world’s most valuable companies.
SpaceX said it expects the merger to close in the third quarter of 2026. The company had been pursuing Cursor for months. In April, SpaceX said it had secured an option either to buy the San Francisco-based startup for $60 billion later this year or to pay $10 billion for a partnership instead.
Cursor is one of several Silicon Valley startups, alongside OpenAI and Anthropic, that have attracted developers by using artificial intelligence to automate coding. The market has become one of the earliest areas of strong commercial traction for AI companies. Founded in 2022, Cursor has grown rapidly, with annualized business-to-business revenue of about $2.6 billion and enterprise sales increasing sharply, according to company data shared with Reuters earlier this month.
The deal could strengthen xAI, the Grok chatbot maker that SpaceX merged with in February, by giving it a larger foothold in the AI coding market, where it has lagged rivals. It could also give Cursor access to greater computing resources for developing AI models.
In March, two product engineering leaders at Cursor joined SpaceX to help with the company’s lunar projects and xAI. It remains unclear whether the acquisition will affect SpaceX’s recent agreements to rent out data center capacity. In recent weeks, SpaceX struck cloud computing deals with Anthropic and Alphabet-owned Google worth roughly $26 billion on an annual basis.
Both of those agreements include 90-day termination clauses, allowing SpaceX to quickly reclaim computing capacity if needed.
