SpaceX has agreed to acquire Anysphere, the company behind the AI coding assistant Cursor, in a $60 billion all-stock deal announced June 16, 2026, marking the largest acquisition of a venture-backed startup on record. The deal follows SpaceX’s Nasdaq debut on June 12, 2026, which raised $75 billion in the largest IPO in history and provided the stock needed to fund the purchase. Cursor had reached approximately $4 billion in annualized revenue within four years, though its market share slipped amid pricing competition from Anthropic’s Claude Code. The acquisition, expected to close in the third quarter of 2026 pending regulatory approval, gives SpaceX access to Cursor’s enterprise codebase, compute resources via xAI’s Colossus supercluster, and engineering talent to bolster its AI capabilities.
