Elon Musk’s SpaceX has expanded its ambitions beyond rockets and satellites with a $60 billion acquisition of Anysphere, the company behind the fast-growing artificial intelligence coding tool Cursor, as the aerospace giant intensifies its push into the competitive AI industry.
- +SpaceX deepens AI entry with $60bn acquisition of Cursor Maker’s Anysphere
The blockbuster merger is expected to close in the third quarter of 2026, making Cursor a wholly owned subsidiary of the newly public aerospace and AI powerhouse.
The blockbuster merger is expected to close in the third quarter of 2026, making Cursor a wholly owned subsidiary of the newly public aerospace and AI powerhouse.
The all-stock deal, announced on Tuesday, will make Anysphere a wholly owned subsidiary of SpaceX and marks one of the company’s biggest technology acquisitions following its record-breaking public debut.
The acquisition comes shortly after SpaceX entered public markets in what became one of the largest initial public offerings in history, raising billions of dollars and pushing its valuation above the $2 trillion mark.
Through the purchase of Anysphere, SpaceX aims to strengthen its position in enterprise artificial intelligence, particularly by improving its AI capabilities through its AI division, xAI, which develops the Grok chatbot and other AI technologies.
Cursor has quickly become one of Silicon Valley’s most prominent AI developer tools, allowing software engineers to use AI assistants to write, edit, and improve code. The company attracted backing from major technology investors, including Andreessen Horowitz, Nvidia, and Google.
SpaceX had previously secured an option to either acquire Anysphere for $60 billion or enter into a $10 billion partnership with the company, before choosing the full acquisition route, as SpaceX has officially agreed to acquire Anysphere.
This is a move that highlights Musk’s broader strategy of combining space technology, artificial intelligence, and computing infrastructure into a single ecosystem. The deal is also expected to give Cursor access to SpaceX’s vast computing resources as it develops more advanced AI models.
The acquisition, expected to close in the third quarter of 2026, is subject to regulatory approval. This is a major step in the intensifying AI race, placing SpaceX in closer competition with leading AI companies developing coding assistants and large-scale AI systems.
