SpaceX has officially moved to acquire Cursor, the AI-powered coding assistant, in an all-stock deal valuing the company at a whopping $60 billion US.
The company filed paperwork with the SEC on June 16 confirming it has exercised its option to buy Cursor’s parent company Anysphere in an all-stock transaction. The deal is expected to close in the third quarter of 2026, pending regulatory approval.
The acquisition has been in the works for a while. Back in April, SpaceX and Cursor announced they were working together to build what they called the world’s best coding and knowledge work AI, combining Cursor’s popular developer tool with SpaceX’s massive Colossus supercomputer, which has the equivalent of one million H100 GPUs.
SpaceX said the two companies have already been jointly training a new AI model together over the past few months, and that it will be released inside both Cursor and Grok Build soon.
“SpaceX has exercised the option to acquire Cursor in an all-stock transaction with the goal of building the world’s most useful AI models,” the company said in its announcement. “We look forward to working closely with the Cursor team to advance our frontier AI capabilities.”
The $60 billion price tag makes it one of the largest AI acquisitions ever, and adds another piece to Elon Musk’s rapidly expanding AI empire alongside xAI and Grok.
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