SpaceX to Buy AI Coding Firm Anysphere for $60 Billion

SpaceX said on Tuesday that it will acquire Anysphere, the software company behind the popular AI coding agent Cursor, for $60 billion. The deal is aimed at strengthening SpaceX’s position in the artificial intelligence market, according to CNBC.

The company said the merger is expected to be completed by the third quarter of the year. The announcement follows an April disclosure that SpaceX had secured the option to buy Anysphere later this year for $60 billion, or pay $10 billion for their joint work.

At the time, Cursor CEO Michael Truell said, “This is a significant step on our way to building the best place to code with AI.” Cursor competes with Anthropic and OpenAI by offering AI tools for tasks such as writing code. Founded in 2022, the company has expanded quickly and reports $2.6 billion in revenue from enterprise customers.

Cursor’s products help software developers review code changes and document their work using videos, logs and screenshots. The transaction is expected to give xAI, the Grok chatbot developer that merged with SpaceX in February, a stronger foothold in AI code writing, where it trails rivals. Cursor is also expected to gain access to greater computing power needed to develop AI models.