SpaceX to acquire AI coding assistant Cursor in $60 billion all‑stock deal

SpaceX has agreed to acquire Anysphere, the maker of the Cursor AI coding assistant, in an all‑stock transaction that values Cursor at roughly $60 billion. The deal will merge a wholly‑owned SpaceX subsidiary into Cursor, making the tool a full subsidiary. Cursor shareholders will receive SpaceX Class A common stock, with the final exchange ratio based on SpaceX’s seven‑day volume‑weighted average price before closing. The acquisition is subject to standard regulatory approvals and is expected to close in the third quarter of 2026.

Cursor provides an integrated development environment that records developers’ real‑time interactions, offering millions of users’ dynamic coding behaviour data. SpaceX aims to use this data to strengthen its Grok AI model and accelerate software development for its Starlink satellite broadband network. The purchase is financed primarily through SpaceX’s post‑IPO market‑cap premium, allowing the company to complete the transaction with little cash outlay. Analysts note the move reflects a broader trend of large infrastructure firms embedding AI directly into core platforms to improve engineering productivity and create data‑driven competitive advantages.