BUSINESS

United States: SpaceX to buy Anysphere in $60 billion stock deal

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SpaceX has disclosed in an SEC Form 8-K that it has signed a definitive Agreement and Plan of Merger to acquire Anysphere Inc., developer of the AI coding platform Cursor, in an all-stock deal valuing Anysphere at about $60 billion. Each Cursor share will convert into SpaceX Class A common stock based on a seven-day volume-weighted average price before closing. A SpaceX subsidiary, X67 Inc., will merge into Anysphere, which will become a wholly owned SpaceX subsidiary. The deal, expected to close in the third quarter of 2026 pending regulatory approvals, will fold Cursor into SpaceX’s AI division, created after Musk’s xAI merged into SpaceX in February 2026.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

June 2025 Cursor holds 41 percent share
February 2026 xAI formally merges into SpaceX
May 2026 Cursor share declines to 26 percent
Mid 2026 Cursor seeks $2 billion venture round
Mid 2026 SpaceX, Anysphere sign merger agreement
Mid 2026 SpaceX files SEC Form 8-K disclosure
Q3 2026 Deal scheduled to close, pending approvals

News Intelligence

This merger could change the tech landscape. If you're a Cursor user, expect changes as it integrates with SpaceX's AI division. If you own Cursor shares, they'll convert into SpaceX stock. Keep an eye on the deal's progress.