SpaceX to Acquire Cursor-Maker Anysphere for $60B

SpaceX has agreed to acquire Anysphere, the San Francisco startup behind the AI coding agent Cursor, in an all-stock deal valuing it at $60 billion, according to Reuters. The deal was announced on June 16, 2026, just four days after SpaceX's Nasdaq debut.

Key points

• All Anysphere shares convert into SpaceX Class A stock based on a seven-day average price; expected to close in Q3 2026, pending regulatory approval.
• It is xAI's first major entry into developer tools (xAI merged with SpaceX in February and owns the Grok chatbot).
• Cursor hit $2 billion in annual recurring revenue (ARR) by February 2026 — the fastest-growing enterprise software ever — and expects to top $6 billion ARR by end of 2026.
• In April, SpaceX had secured an option to either buy Anysphere for $60 billion or pay roughly $10 billion for a partnership.
• The deal puts SpaceX in direct competition with Microsoft's GitHub Copilot and Anthropic's Claude Code.