SpaceX has completed its $60 billion acquisition of Anysphere, the startup behind the AI coding assistant Cursor, with the all-stock deal taking effect Aug. 14, Bloomberg reported.
The closing marks the end of one of the largest AI acquisitions of 2026. SpaceX and Anysphere agreed to the all-stock combination in June, in a deal that valued the San Francisco-based startup at $60 billion and was structured as an option that SpaceX could exercise — a structure that let the two companies bridge a valuation gap while the transaction was pending.
Cursor has become one of the most widely used AI coding tools in the world, beloved by developers for its agentic code-editing features and increasingly deployed across enterprise engineering teams. For SpaceX, the deal brings a fast-growing, profitable software business into Musk's orbit at a moment when the company is expanding its AI ambitions well beyond rocketry — including through xAI, the AI lab Musk merged into SpaceX earlier this year.
The completion also lands as SpaceX's financial footprint grows: Nvidia disclosed last week that it holds a roughly $21 billion stake in SpaceX, the transformed form of its earlier $10 billion investment in xAI. Musk has said Cursor will operate as part of an AI push that spans coding tools, frontier models and the compute infrastructure SpaceX is building.
The deal closed about two months after the combination was first announced in June, making Cursor one of the highest-valued AI developer tools ever folded into a major company.
