SpaceX to buy Cursor AI coding agent operator Anysphere f…

On June 16, 2026, SpaceX announced its acquisition of Anysphere, the company behind the AI coding agent Cursor, for $60 billion. This move is part of SpaceX's strategy to strengthen its position in the enterprise AI market, coming shortly after the company's successful public debut on Nasdaq, which valued it over $2 trillion. The acquisition is expected to close in Q3 2026 and aims to enhance the AI coding capabilities of SpaceX's xAI unit, which has been lagging behind competitors like OpenAI and Anthropic.

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SpaceX logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

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Space Exploration Technologies Corp

June 16 (Reuters) - Elon Musk's SpaceX (SPCX.O), opens new tab said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding ‌agent Cursor, for $60 billion, in a bid to ramp up its foothold in the enterprise AI market.

The announcement comes just days after Musk took his rockets-to-AI company public ⁠in a blockbuster Nasdaq debut that valued the firm at more than $2 trillion and immediately made it one of the world's most valuable companies.

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SpaceX said it expects the merger to close during the third quarter of 2026.

Along with OpenAI and Anthropic, Cursor is one of several ‌Silicon ⁠Valley startups that have drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial ⁠traction.

The deal could give xAI, the Grok chatbot maker that SpaceX merged with in February, a stronger foothold ⁠in the AI coding market where it has so far lagged rivals. It also ⁠provides Cursor with more computing capacity to develop AI models.

Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar and Sriraj Kalluvila

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SpaceX to buy Cursor AI coding agent operator Anysphere for $60 billion

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