SpaceX Acquires Cursor Maker Anysphere for $60 Billion in Landmark AI Deal

SpaceX announced on June 16, 2026 that it has signed a definitive agreement to acquire Anysphere, the company behind the popular AI coding assistant Cursor, for approximately $60 billion in an all-stock deal. The acquisition comes just days after SpaceX’s record-breaking Nasdaq debut, which pushed its valuation past $2 trillion. The deal is expected to close in the third quarter of 2026, subject to regulatory approval, and will make Cursor a wholly owned subsidiary of SpaceX alongside xAI, the Grok chatbot maker that SpaceX acquired in February.

The acquisition underscores how AI-powered coding has become one of the most competitive battlegrounds in technology. Cursor, founded in 2022, has grown rapidly to reach roughly $2.6 billion in annualized business-to-business revenue, with enterprise sales accelerating as large customers adopt AI coding agents. SpaceX had secured an option in April to either acquire Anysphere for $60 billion or pay a $10 billion partnership fee. For xAI, which has lagged behind OpenAI and Anthropic in AI coding capabilities, the acquisition provides an immediate foothold in the developer tools market and access to Cursor’s established user base and technology.

The deal raises open questions about model neutrality. Cursor currently routes many queries to Anthropic’s Claude, OpenAI’s GPT models, and Google’s Gemini — as well as its own Composer models. Whether xAI will maintain multi-model support or steer traffic toward Grok will be one of the defining strategic decisions for the combined company. SpaceX has separately signed agreements to lease cloud computing capacity from Anthropic and Google, with 90-day termination clauses that give it flexibility to shift infrastructure.

Why it matters: The $60 billion acquisition is the clearest signal yet that AI coding assistants are strategic infrastructure — and that the consolidation race is accelerating as every major AI player (Microsoft/GitHub, Anthropic/Claude Code, OpenAI/Codex, and now SpaceX/xAI/Cursor) moves to own the developer interface.