SpaceX, owned by Elon Musk, announced on Tuesday that it would acquire Anysphere, the developer of the popular AI programming tool Cursor, in a deal valued at $60 billion, in a bid to expand into the enterprise-level artificial intelligence market.
Just a few days before the official announcement of this acquisition, this company, which spans the fields of aerospace rockets and artificial intelligence, completed an unprecedented IPO in history on Nasdaq. Its post-listing valuation exceeded US$2 trillion, making it one of the world's most valuable companies.
SpaceX expects the transaction to be completed in the third quarter of 2026.
In fact, SpaceX’s acquisition of Cursor has been in the works for months. The company finalized an option agreement in April this year: it can either fully acquire the San Francisco-based company for $60 billion later this year, or it can pay $10 billion to develop an in-depth strategic cooperation with the other party.
In addition to OpenAI and Anthropic, Cursor is also one of the popular startups in Silicon Valley. It has attracted a large number of developers with its AI code automation tools and has taken the lead in achieving large-scale revenue in the field of artificial intelligence commercialization.
According to data disclosed by the company to Reuters earlier this month, Cursor's business has expanded rapidly since its establishment in 2022, with annual enterprise revenue of approximately US$2.6 billion, and sales to large enterprises have surged.
This acquisition will help xAI (the R&D company of the chatbot Grok), which completed its merger with SpaceX in February this year, gain a foothold in the AI programming track that has always lagged behind competing products; at the same time, Cursor will also rely on SpaceX’s abundant computing resources to carry out the development and iteration of the next generation of large AI models.
In March this year, two Cursor product engineering leaders announced that they would join SpaceX to participate in the company’s moon landing project and xAI technology research and development.
It is unclear whether this acquisition will affect SpaceX’s existing data center leasing cooperation agreement. In recent weeks, the company has signed cloud computing lease contracts with Anthropic and Google (a subsidiary of Alphabet), providing approximately US$26 billion in cloud computing services annually.
Both lease agreements have 90-day termination clauses, which means that SpaceX can quickly recover the computing resources leased to external parties once its own business needs it.
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