SpaceX has closed its $60 billion acquisition of Cursor, the AI coding assistant built by Anysphere, folding the entire team into its SpaceXAI division. The deal, finalized on August 14, 2026, ranks among the largest acquisitions in tech history and cements SpaceX’s ambitions well beyond rockets and satellite internet.
How the deal came together
The acquisition didn’t materialize overnight. SpaceX and Cursor first entered a partnership in April 2026, which included an option for SpaceX to acquire the company outright. If negotiations had fallen apart, SpaceX would have faced substantial fees and resource commitments, a structure that essentially made the deal a question of when, not if.
The formal acquisition agreement was signed on June 16, 2026, just weeks after SpaceX completed a blockbuster IPO that raised approximately $75 billion. That IPO gave SpaceX the financial firepower to execute an all-stock transaction of this magnitude.
What SpaceX gets
