en.Wedoany.com Reported - SpaceX plans to acquire enterprise AI software company Anysphere, the developer of AI coding assistant Cursor, for $60 billion. The aerospace company, owned by Elon Musk, is leveraging its newly gained financial strength after listing on Nasdaq to expand into the enterprise AI market.
Under the deal arrangement, the acquisition is expected to be completed in the fall of 2026 and finalized by the end of September. Shareholders of Anysphere will be paid with SpaceX stock valued at $60 billion. This transaction comes just days after SpaceX's Nasdaq listing, where it achieved a valuation of over $2 trillion through a blockbuster initial public offering, making it the fifth most valuable company globally, surpassing Amazon. Acquiring Cursor will help SpaceX's previously merged xAI establish a foothold in the AI coding market, where xAI currently lags behind competitors such as OpenAI and Anthropic.
SpaceX has been eyeing Cursor for months and announced in April that it had secured an option to acquire the San Francisco-based company for $60 billion or pay $10 billion for a collaborative project. Founded in 2022, Cursor focuses on automating coding using AI. According to data shared with Reuters, its annualized business-to-business revenue is approximately $2.6 billion, with enterprise sales growing significantly. The platform's users include Stripe, Adobe, and Nvidia, whose CEO Jensen Huang has called Cursor his favorite enterprise AI service.
This acquisition is expected to provide Cursor with more computing power for model development. In an April statement, SpaceX noted that its Colossus training supercomputer, equivalent to one million H100 GPUs, combined with Cursor's product and distribution capabilities, will help build more useful models. The two entities have been collaborating since early 2026, with two Cursor product engineering leads joining SpaceX in March 2026 to work on lunar projects and xAI initiatives. However, it remains unclear whether this deal will affect SpaceX's data center lease agreements. SpaceX has reached agreements with Anthropic and Alphabet's Google to lease a total of approximately $26 billion in cloud computing capacity annually, both of which include 90-day termination clauses, allowing SpaceX to quickly reclaim computing power.
Despite its multi-trillion-dollar valuation, SpaceX has historically been loss-making, with cumulative losses exceeding $9 billion in 2025 and 2026. The previous absorption of xAI and this acquisition of Anysphere signal the newly minted billionaire's intent to bet on a digital future.
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