SpaceX agrees to acquire Cursor maker Anysphere in $60 billion all-stock deal

SpaceX has agreed to acquire Anysphere Inc., the San Francisco startup behind the AI coding tool Cursor, in an all-stock deal that values Cursor at $60 billion, the company disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission on June 16, 2026.

The price would make it one of the largest acquisitions of a developer-tools company on record. The transaction is expected to close in the third quarter of 2026, pending regulatory approvals, according to the filing. A wholly owned SpaceX subsidiary, X67 Inc., would merge into Anysphere, and each share of Cursor stock would convert into SpaceX Class A common stock based on the $60 billion implied equity value and the volume-weighted average closing price of SpaceX shares over the seven trading days before closing.

The deal follows a structured courtship. SpaceX secured an option in April 2026 to buy Cursor for $60 billion in stock or pay a $10 billion break-up fee, and two Cursor product engineering leaders joined SpaceX earlier in 2026. The agreement supersedes a planned $2 billion funding round Cursor had been on track to close from Andreessen Horowitz, Thrive and Nvidia at a $50 billion valuation.

Founded in 2022, Anysphere had reached roughly $2.6 billion in annualized business-to-business revenue at the time of the announcement, the company said.

The acquisition fits SpaceX's recent push into artificial intelligence. SpaceX merged with xAI in February 2026, and Elon Musk has acknowledged that xAI trails competitors in coding-focused AI products. SpaceX has told prospective IPO investors it sees a $26 trillion addressable market for AI products.

The figures and the all-stock structure come from SpaceX's own disclosure and have not been independently verified beyond the filing. Regulatory review could still shape the final terms or timing, and SpaceX did not detail how Cursor would be integrated with xAI's existing coding efforts.