SpaceX to acquire AI coding platform Cursor in $60B stock transaction

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Tue, June 16, 2026 astatine 8:37 AM CDT 1 min read

SpaceX (NASDAQ:SPCX) has reached an statement to get Anysphere, the developer of the artificial quality coding adjunct Cursor, successful a stock-for-stock woody that values the institution astatine $60 billion.

The transaction volition spot SpaceX (NASDAQ:SPCX) subsidiary X67 Inc merge with Anysphere, aft which Cursor volition run arsenic a wholly owned subsidiary of SpaceX. The institution expects the acquisition to adjacent successful the 3rd 4th of 2026, pending regulatory approvals and different customary closing conditions.

Under the agreement, holders of Cursor's communal and preferred shares volition person SpaceX Class A stock. The speech ratio volition beryllium determined utilizing Cursor's $60 cardinal implied equity worth and the volume-weighted mean closing terms of SpaceX shares during the 7 trading days starring up to the closing date.

The acquisition follows SpaceX's caller nationalist marketplace debut, which valued the institution astatine much than $2 trillion. It besides comes respective months aft SpaceX combined with xAI, Elon Musk's artificial quality task and creator of the Grok chatbot.

Cursor has emerged arsenic a salient subordinate successful the marketplace for AI-powered coding tools, a conception that has seen increasing adoption among bundle developers and accrued contention among exertion companies.

SpaceX antecedently disclosed successful April that it had secured an enactment to get the San Francisco-based startup for $60 cardinal oregon prosecute a abstracted concern arrangement.

Shares of SpaceX opened astir 5% higher connected Tuesday connected the news.