SpaceX to Acquire Anysphere for $60 Billion, Faces $4 Billion Antitrust Fee if Deal Blocked

SpaceX announced Tuesday that it will acquire Anysphere, the San Francisco company behind the AI coding tool Cursor, for $60 billion. The purchase comes four days after SpaceX went public on Nasdaq in a debut that valued the company above $2 trillion. SpaceX raised $85 billion in the IPO and reached a $5 trillion market value afterward.

SpaceX said the merger is expected to close in the third quarter of 2026. The company secured an option in April to buy Cursor for $60 billion or pay $10 billion for a partnership instead. The acquisition is structured as a stock-based merger between Cursor's parent Anysphere and SpaceX's wholly owned subsidiary X67, according to a regulatory filing.

If the deal is terminated under specific circumstances, SpaceX will pay a $10 billion termination fee. The filing also said SpaceX will pay a regulatory termination fee of $4 billion if the deal falls through due to antitrust issues. 6 billion in annualized business-to-business revenue, with enterprise sales growing sharply, according to company data shared with Reuters.

Cursor was founded in 2022 and is backed by Andreessen Horowitz, Thrive, Nvidia, and Alphabet-owned Google. It had reportedly been in talks earlier this year for a funding round valuing it at $50 billion. Two heads of product engineering at Cursor joined SpaceX in March to work on lunar projects and xAI.

SpaceX merged with xAI in February. Elon Musk posted on X that recent versions of Grok have shown improved performance after training on a large volume of Cursor data. SpaceX has signed cloud-computing leases with Anthropic and Alphabet-owned Google worth about $26 billion a year.

Both agreements contain 90-day termination clauses. SpaceX's shares were up nearly 10% in premarket trading on the day of the acquisition announcement. 27.

The stock price at IPO was $135.