SpaceX to Buy Anyspher for $60 Billion in AI Coding Push

Elon Musk’s SpaceX said Tuesday it will buy Anyspher, the company behind the popular coding agent Cursor, for $60 billion. The deal is meant to strengthen SpaceX’s position in enterprise artificial intelligence, and it comes just days after the company completed a commercial Nasdaq offering that valued it at more than $2 trillion, making it one of the world’s most valuable companies.

SpaceX expects the transaction to close in the third quarter of 2026. The company had been tracking Cursor for several months, and in April it was already reported that the two sides were moving toward a deal.

Cursor is one of several Silicon Valley companies, alongside OpenAI and Anthropic, that have become hugely popular with developers by using AI to automate code writing, an area where AI firms found early commercial success. Founded in 2022, Cursor has grown quickly, with annual B2B revenue of about $2.6 billion and rapidly expanding enterprise sales.

The acquisition could give xAI, the maker of the Grok chatbot that SpaceX merged into its ranks in February, a much stronger foothold in the AI coding market, where it has lagged behind rivals. The deal would also give Cursor access to additional computing power for model development.