SpaceX has made it official. In a filing on Tuesday, Elon Musk’s newly public rocket company said it had signed a binding agreement to buy Anysphere, the startup behind the popular AI coding tool Cursor, in an all-stock deal that values the company at $60bn.
It confirms an option SpaceX first disclosed in April, and it lands just days after the largest IPO in history.
The terms are spelled out in an 8-K filed with the US Securities and Exchange Commission. A SpaceX subsidiary, X67 Inc., will merge into Cursor, which survives as a wholly owned subsidiary.
Cursor’s shares convert into SpaceX Class A stock based on an implied equity value of $60bn, priced on the company’s average share price over the seven trading days before the deal closes. SpaceX expects that to happen in the third quarter of 2026, subject to regulatory approval.
Why SpaceX wants Cursor
