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United States-based Space Exploration Technologies (SpaceX) has entered a definitive agreement to acquire Anysphere, the software company behind the AI coding agent Cursor, in an all-stock deal valued at US$60 billion. Announced after SpaceX’s record-breaking initial public offering on the Nasdaq exchange on June 12, the transaction will compensate Anysphere shareholders entirely in SpaceX stock, with the share consideration calculated against the US$60 billion valuation. The structure of the deal highlights strong investor appetite for SpaceX equity and marks one of the largest AI-related acquisitions to date by a private aerospace and technology company. The companies expect the acquisition to close in the autumn of 2026, with full integration scheduled for completion by the end of September that year. United States-based SpaceX intends to use the acquisition of Cursor to bring advanced AI-assisted coding tools directly into its aerospace and enterprise technology operations. Cursor, regarded as one of the market’s leading AI-powered code editors, is designed to predict, write and debug software at speeds that exceed human performance, and has gained rapid traction among software engineers. By absorbing Anysphere and its flagship product, SpaceX will gain tighter control over the AI systems that support complex, compute-intensive workflows for next-generation rocket propulsion and satellite infrastructure. The move also positions SpaceX more firmly in the broader competition over high-performance computing and AI-driven developer tools among major technology firms.

Prepared by Christopher Adams and reviewed by editorial team.