SpaceX just went public and immediately did what any newly minted $2 trillion company does: spend $60 billion on a start-up that helps people write code faster.
The company announced on June 16 that it will acquire Anysphere, the company behind the AI coding agent Cursor, in an all-stock transaction valued at $60 billion. The deal came just days after SpaceX’s IPO, which raised approximately $85.7B after the company exercised its greenshoe options.
From rockets to repos
SpaceX, now trading under the ticker SPCX, previously acquired xAI and has been investing heavily in AI compute infrastructure. Buying Anysphere represents a bet that the future of software development runs through AI-powered coding tools.
This wasn’t a spur-of-the-moment deal driven by post-IPO euphoria. SpaceX locked in an option agreement back in April 2026 that gave it the right to acquire Anysphere or walk away in exchange for a $10 billion cash breakup fee. The fact that SpaceX chose to proceed tells you management sees this as core to its strategy, not a nice-to-have.
