After IPO Surge, Musk's SpaceX to Buy Cursor Maker for $60 Billion

SpaceX said Tuesday it will buy Anysphere, the company behind the popular AI coding tool Cursor, for $60 billion. The deal is intended to strengthen the company’s push into enterprise artificial intelligence, and it is expected to close in the third quarter of 2026.

The announcement came days after Elon Musk took the company public, lifting its valuation to more than $2 trillion and making it one of the world’s most valuable companies almost immediately. According to the report, SpaceX had been examining options involving Cursor for months.

In April, the company said it had secured an option to buy the San Francisco based startup later this year for $60 billion, or alternatively to pay $10 billion for a new partnership between the companies. Cursor is one of several Silicon Valley startups, alongside OpenAI and Anthropic, that has attracted developers by using AI to automate code writing.

The company told Reuters earlier this month that Cursor, founded in 2022, has grown rapidly, with about $2.6 billion in annualized B2B revenue and sharply rising enterprise sales. The acquisition could give xAI, the maker of the Grok chatbot that SpaceX merged with in February, a stronger position in AI coding tools, where it has lagged competitors. Cursor would gain more computing power for developing AI models. It is still unclear whether the deal will affect SpaceX’s recent cloud and data center leases with Anthropic and Google, worth about $26 billion a year and containing 90 day exit clauses if SpaceX needs the computing capacity.