Elon Musk's SpaceX has expanded its footprint in the enterprise artificial intelligence market. SpaceX announced on Tuesday that it will acquire Anysphere, the software company behind the highly popular AI coding agent Cursor, for $60 billion. The announcement comes just days after SpaceX made its historic public debut on the Nasdaq, a move that pushed the company's valuation past $2 trillion and cemented it as one of the most valuable corporations on the planet.
According to a report by news agency Reuters, SpaceX officials confirmed that they expect the multi-billion-dollar merger to officially close during the third quarter of 2026.
SpaceX-Cursor: A Long-Awaited Deal
SpaceX has been tracking Cursor for several months. In April, the aerospace-and-AI giant secured an option that allowed it to either buy the San Francisco-based startup for $60 billion later in the year or pay $10 billion to establish a corporate partnership instead. Ultimately, SpaceX decided on a full buyout.
Since its founding in 2022, Cursor has experienced growth by using AI to automate computer programming, or develop coding agents. Company data shared with Reuters earlier this month revealed that Cursor has rapidly scaled its business, bringing in roughly $2.6 billion in annualised enterprise revenue alongside sales.
What It Means for Musk's AI Ecosystem
The acquisition is expected to provide a major boost to xAI, the maker of the Grok chatbot, which officially merged with SpaceX in February. It is to be noted that xAI has lagged behind primary rivals like OpenAI and Anthropic in the specialised AI coding market. With Cursor, Musk's AI ecosystem will get an immediate competitive foothold. In return, the deal will provide Cursor's team with the massive computing capacity required to develop next-generation AI models.
In March, two top product engineering heads at Cursor left the startup to join SpaceX, specifically to contribute to xAI and the company's lunar exploration projects.
