SpaceX has agreed to buy Anysphere, the startup that created the AI coding tool Cursor, for $60 billion in an all-stock deal. The agreement comes just four days after SpaceX’s debut on Nasdaq.
By February 2026, Cursor reached $2 billion in annual recurring revenue, making it the fastest-growing business software company ever recorded.
The deal gives xAI, which SpaceX merged with in February and is known for the Grok chatbot, its first major entry into AI developer tools. Until now, it has trailed behind Microsoft, Anthropic, and Google in this area.
Only four days after its major Nasdaq debut, SpaceX agreed to acquire Anysphere, the San Francisco startup behind the AI coding agent Cursor, in an all-stock deal that values the company at $60 billion, according to Reuters.
Elon Musk plans to use his company’s new public status to enter the AI developer tools market, an area where xAI has struggled to compete.
