SpaceX has signed a binding, all-stock deal to buy Cursor maker Anysphere at a $60bn value, days after its record IPO. The merger is set to close in Q3.

Analysts differ on the likely impact, some arguing that the deal gives Cursor the compute expansion it needs, while others worry that Cursor’s trustworthiness could be threatened.

SpaceX exercised its option to buy Cursor for $60 billion in all stock, the largest startup acquisition ever, arming xAI and Grok against rivals Anthropic and OpenAI.