SpaceX to acquire AI coding platform Cursor for $60 billion

SpaceX exercised an option on 16 June 2026 to purchase Anysphere, the maker of the AI‑assisted coding tool Cursor, in an all‑stock transaction valued at about $60 billion. The deal, still subject to regulatory review, would be paid with SpaceX Class A shares, diluting existing shareholders by roughly 3.4 %. At the announcement SpaceX’s stock jumped about 16 %, pushing its market value near $2.94 trillion. The acquisition price represents roughly 15 times Cursor’s reported $4 billion annualised revenue and could fall to about 10 times if the company reaches its projected $6 billion run‑rate by year‑end. SpaceX cites Cursor’s large paying‑user base, extensive Fortune 500 penetration and in‑house coding model as strategic assets that could complement its aerospace and emerging xAI initiatives.

Developers who have tested both Cursor and Anthropic’s Claude Code note divergent strengths. Cursor excels at rapid inline refactoring, tab‑completion and multi‑file scaffolding, but struggles with autonomous bug‑fixing and can generate superficial fixes. Claude Code, in contrast, reads entire codebases, identifies bugs more accurately and validates changes by running tests, though it is slower for simple edits and offers weaker IDE integration. Users often combine the tools, leveraging Cursor for quick edits and Claude Code for deeper code‑understanding tasks.