SpaceX to acquire Cursor maker Anysphere for $60B in all-stock deal

SpaceX agreed on 2026-06-16 to acquire Anysphere — the company behind the AI code editor Cursor — for $60 billion in an all-stock deal. Under the merger agreement, a SpaceX subsidiary, X67 Inc., merges into Anysphere, which becomes a wholly owned SpaceX subsidiary; Anysphere's common and preferred holders receive SpaceX Class A shares, with the count set at closing off SpaceX's seven-day volume-weighted average price. The companies expect to close in the third quarter of 2026, subject to regulatory approval.

Cursor is the prize. Anysphere was founded in 2022 by four MIT graduates — CEO Michael Truell, 25, plus Sualeh Asif, Aman Sanger, and Arvid Lunnemark — and its annual recurring revenue ran from roughly $100M in January 2025 to ~$500M by June, past $1B in November 2025, and to ~$2B by February 2026, with the company guiding to more than $6B by year-end. That trajectory is why the price moved: Anysphere last priced at a $29.3B valuation in its November 2025 round (co-led by Accel and Coatue) and was reportedly days from a ~$2B raise led by Andreessen Horowitz, Thrive, and Nvidia at a $50B valuation before SpaceX pre-empted it at $60B.

The timing is the other half of the story. SpaceX went public on 2026-06-12 — Nasdaq ticker SPCX, $135 a share, a $1.77 trillion valuation, ~$75B raised — and the stock cleared $2 trillion within days. Four days later it is spending that freshly minted equity, which is what an all-stock deal off a seven-day VWAP lets a newly public acquirer do. Cursor would fold into the AI division SpaceX created by absorbing xAI in a February 2026 all-stock deal — Grok and now a fast-growing coding tool under one roof — and stakes a claim in the AI-coding race that Anthropic and OpenAI currently lead.

It is an oddly shaped acquisition — a launch-and-satellite company buying a three-year-old code editor — but it rhymes with the signal the rest of the site keeps surfacing: AI capability is consolidating into a short list of well-capitalized names, and the capital is now moving through public markets. This is the second nine-figure-plus AI capital-markets event in two weeks, after Anthropic's June 1 confidential S-1, and the first that is an outright acquisition rather than a raise or a filing. Whether a rocket company can operate a beloved developer tool without dimming it is the open question; the $60B says SpaceX is betting it can.