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

SpaceX, the space company controlled by Elon Musk, announced on Tuesday that it will acquire Anysphere, the maker of the AI coding tool Cursor, for $60 billion. The company said the deal is intended to expand its artificial intelligence business for enterprise customers, and it expects the merger to close in the third quarter of 2026.

The announcement comes just days after Musk took the company public, lifting its valuation to more than $2 trillion and instantly making it one of the world’s most valuable companies. SpaceX has been evaluating a deal involving Cursor for months. In April, it said it had secured an option either to buy the San Francisco based company later this year for $60 billion or to pay $10 billion for a new partnership between the two firms.

Cursor has emerged alongside OpenAI and Anthropic as one of the Silicon Valley startups drawing developers with AI tools that automate code writing, a field that has been reshaped by leading AI companies over the past year. According to company figures provided to Reuters earlier this month, Cursor has grown rapidly since its 2022 founding, with about $2.6 billion in annualized B2B revenue and sharply rising enterprise sales.

The transaction could also strengthen xAI, the maker of the Grok chatbot, which SpaceX merged with in February, by giving it a bigger foothold in the AI coding market, where it has lagged behind rivals. Cursor, for its part, would gain more computing capacity to develop AI models. It is still unclear whether the deal will affect SpaceX’s recent cloud and data center rental agreements with Anthropic and Google, worth about $26 billion a year, both of which include 90 day exit clauses.