SpaceX Strikes Deal To Buy Cursor For $60 Billion
SpaceX Strikes Deal To Buy Cursor For $60 Billion
Publish Date: 2026-06-16 07:11:00
Source Domain: www.forbes.com
- SpaceX announced its plan to acquire the AI coding platform Cursor’s parent company, Anysphere Inc., for $60 billion.
- The acquisition follows SpaceX’s recent record-breaking IPO, which catapulted the company’s market capitalization beyond $2.5 trillion.
- The merger is expected to be finalized by the third quarter of 2026.
- SpaceX had previously partnered with Cursor in April to collaborate on “coding and knowledge work AI.”
- The move aims to enhance the competitiveness of SpaceX’s AI division, specifically the Grok chatbot, which has fallen short against rivals like Anthropic’s Claude Code and OpenAI’s Codex.
- SpaceX’s market capitalization significantly increased in the days leading to the acquisition announcement as its stock soared post-IPO, with shares rising nearly 20% on the first trading day, and further gains in premarket trading following the acquisition news.
