SpaceX to Acquire Cursor Parent Anysphere in $60 Billion All-Stock Deal

For $60 billion in an all-stock transaction. The deal gives SpaceX a direct competitor to Anthropic and OpenAI after the company’s Wall Street debut last week. SpaceX completed its public listing on Friday, June 12, 2026.

It sold only 4 percent of its shares and raised $75 billion in cash. The company spent none of that cash on the Cursor purchase. 8 trillion, making it the fifth-largest public company by market value.

80 that day after rising 19 percent on the first day of trading and 20 percent on Monday, June 15, adding $412 billion in value. Cursor was launched in 2022 by Anysphere, a company founded by four MIT graduates. The platform lets engineers issue instructions in English that the software then executes autonomously.

It generated $4 billion in annualized revenue and introduced its own proprietary AI agent, Composer, in late 2025. SpaceX announced in April 2026 that it held rights to buy Cursor or pay $10 billion to collaborate with the company. Cursor stated at the time that the partnership would let it build future products on xAI’s Colossus data center complex in Memphis, Tennessee.

On Tuesday, June 16, 2026, SpaceX posted on X that the two companies are jointly training an AI model to be released on both Cursor and Grok Build. SpaceX said it expects the merger to close in the third quarter of 2026. 25 billion per month through May 2029 to run its chatbot on SpaceX data center capacity, according to Anthropic’s IPO filing.

Critics of the all-stock acquisition called it a hype-fueled shopping spree, devoid of market fundamentals. Thierry Borgeat, a Zurich-based asset manager, posted on X that engineered scarcity from the limited share float made the acquisition cheaper in paper value.

Chamath Palihapitiya, an early SpaceX investor, posted on X that the transaction is the first, but not the last, big exit at the application layer of AI.