SpaceX announced a $60 billion all-stock deal to acquire Anysphere, the company behind the AI coding tool Cursor. The transaction was announced on June 16, 2026, and is expected to close in the third quarter of the year.
What SpaceX is actually buying
Anysphere was founded in 2022 by a group of MIT dropouts who built Cursor, an AI-powered coding tool that has since become a staple among software developers at major corporations. The company reportedly hit $2 billion in annualized recurring revenue within just three years of existence.
Cursor has gained significant traction among Fortune 500 companies. SpaceX and Anysphere had already struck a partnership agreement on April 21, 2026, which gave SpaceX the option to either acquire the company outright or walk away for a $10 billion termination fee.
The deal represents approximately 3.4% dilution of SpaceX’s stock. SpaceX was valued at over $2 trillion following its recent Nasdaq IPO.
