SpaceX to Acquire AI Coding Startup Cursor in $60 Billion Deal by Q3 2026
SpaceX announced its plan to acquire Anysphere, the maker of AI coding startup Cursor, for $60 billion, with the deal expected to close in the third quarter of 2026. This move follows SpaceX's recent IPO, which valued the company at over $2 trillion. Cursor, founded in 2022, has rapidly grown its enterprise AI coding platform, generating approximately $2.6 billion in annualized revenue. The acquisition aims to strengthen SpaceX's AI capabilities, particularly for its xAI division, and expand its presence in the enterprise AI market alongside competitors like OpenAI and Anthropic.