SpaceX Acquires Anysphere For $60 Billion In All-Stock Deal

SpaceX is set to acquire Anysphere, the maker of the AI coding assistant Cursor, in a $60 billion all-stock transaction. This acquisition follows the exercise of a previously structured option and is expected to close in the third quarter of 2026. The deal will be funded through a $60 billion issuance of Class A stock.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $60,000,000,000
• Acquiring Company: SpaceX
• Target Company: Anysphere
• Headquarters: Hawthorne, California
• CEO of Cursor: Michael Truell

Anysphere's Cursor was reportedly nearing a $2 billion funding round at a valuation of $50 billion prior to the acquisition. The acquisition is positioned to help scale Cursor's "Composer" model, establishing it as a competitor to Microsoft's GitHub Copilot in the burgeoning AI coding market.