SpaceX has agreed to acquire Anysphere, the parent company of AI coding platform Cursor, in an all-stock transaction valued at approximately $60 billion, marking one of the largest artificial intelligence acquisitions on record and a major expansion of the aerospace company’s ambitions in AI software.
The deal, announced on Tuesday, will be executed through X67 Inc., a wholly owned SpaceX subsidiary established for the merger. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.
The acquisition comes just days after SpaceX completed its landmark public offering and highlights the company’s growing focus on artificial intelligence as competition intensifies across the global technology sector.
Founded in 2022 by Michael Truell and three fellow Massachusetts Institute of Technology (MIT) students, Anysphere has emerged as one of the fastest-growing startups in the generative AI industry.
Its flagship product, Cursor, enables software developers to write, edit, review and manage code using artificial intelligence, helping streamline software development workflows.
The transaction follows an agreement reached in April 2026 that granted SpaceX the option to acquire Anysphere for $60 billion or pay a $10 billion fee to establish a long-term strategic partnership. The arrangement was widely viewed as a precursor to a full acquisition.
In a statement accompanying the announcement, Anysphere said the transaction would provide the company with access to the computing infrastructure and resources needed to accelerate the development of AI-powered software engineering tools while continuing to support its growing developer community.
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Anysphere’s growth has been among the most notable in the AI software sector. The company surpassed $1 billion in annualised revenue in late 2025 and is currently operating at approximately $2.6 billion in annualised business revenue, driven by strong enterprise adoption of AI-assisted coding tools.
SpaceX said the acquisition will combine Cursor’s rapidly growing developer connectivity with the advanced computing infrastructure developed through xAI, Elon Musk’s artificial intelligence venture.
Earlier this year, xAI was integrated into SpaceX’s broader operations, providing access to large-scale AI training and inference capabilities, including the Colossus supercomputing platform.
According to SpaceX, the combination is expected to accelerate the development of autonomous coding agents, AI-powered engineering systems and next-generation software development tools capable of supporting increasingly complex technical workflows.
The acquisition strengthens SpaceX’s position in a market increasingly dominated by AI-powered coding assistants and enterprise software platforms.
AI coding tools have become one of the fastest-growing segments of the generative AI industry, helping developers automate repetitive programming tasks, improve productivity and reduce development time.
Dan Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities, said the deal underscores the strategic importance of controlling developer workflows in the emerging AI economy.
Gil Luria, technology analyst at D.A. Davidson, said the transaction reflects the growing commercial value of AI coding assistants, which have become one of the most successful enterprise applications of generative AI technology.
Under the terms of the agreement, Anysphere will become part of SpaceX while continuing to support Cursor’s existing products and customer base. The company is expected to benefit from expanded access to computing resources, engineering talent and capital as it scales its platform globally.
The $60 billion acquisition ranks among the largest transactions in the history of artificial intelligence and underscores the growing strategic value of developer-focused AI platforms.
As competition intensifies among major technology companies to secure leadership in AI, the combination of Cursor’s software system and SpaceX’s infrastructure could significantly influence the future of AI-powered software engineering.
For SpaceX, the deal represents a significant move beyond its traditional aerospace, satellite communications and launch businesses into one of the most commercially promising areas of artificial intelligence.
For Anysphere, it provides the resources and computing power needed to accelerate innovation and expand its reach in the rapidly evolving global AI market.
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