SpaceX just wrote a $60 billion check, in stock, to buy the company behind one of the most popular AI coding tools on the planet. The acquisition of Anysphere, the parent company of Cursor, was confirmed on June 16 and is expected to close in Q3 2026.
Oppenheimer analysts say the deal should give SpaceX shares a lift. The logic is straightforward: bolt a fast-growing AI coding agent onto a company that already dominates orbital logistics, and you get something that looks less like a rocket company and more like a tech conglomerate.
The deal structure and what it signals
The $60 billion all-stock transaction is one of the largest tech acquisitions in recent memory. For context, that price tag is roughly what Disney paid for most of 21st Century Fox back in 2019.
The deal didn’t materialize overnight. SpaceX and Anysphere first struck a call option agreement back in April 2026, which included a $10 billion fallback fee for collaboration if the full acquisition fell through.
