SpaceX to Acquire Cursor Maker Anysphere for $60 Billion — One of the Largest Startup Acquisitions Ever

SpaceX announced it will acquire Anysphere, the maker of the AI code editor “Cursor,” in an all-stock deal worth $60 billion. The announcement came in stunning fashion — just four days after SpaceX’s own IPO on Nasdaq — and is expected to rank as one of the largest acquisitions ever of a venture-backed startup.

Details

• Deal size: An all-stock transaction worth $60 billion. Anysphere shareholders will receive SpaceX Class A shares valued at the volume-weighted average price over the 7 trading days before close
• Background: It later emerged that on April 21, 2026, SpaceX had already signed an agreement giving it the option to acquire Cursor for $60 billion, or pay roughly $1 billion in a breakup fee if it walked away. At the time, Cursor had been negotiating to raise over $2 billion from major VCs at a $50 billion valuation, and SpaceX moved first with a higher acquisition offer
• Closing timeline: SpaceX formally exercised its acquisition right on June 16, 2026. The deal is expected to close in Q3 of the same year, after which Cursor will become part of SpaceX’s subsidiary “SpaceXAI”
• Rationale: The deal is seen as a move to bolster SpaceX’s AI business — integrated with xAI — to help it catch up with leading AI labs. The backdrop includes the fact that SpaceX’s AI division had been undergoing reorganization following repeated controversies over deepfake generation
• Cursor’s scale: In under four years since founding, Cursor’s annualized revenue had reached roughly $4 billion, putting the deal at a revenue multiple of about 15x — an extremely high valuation for an AI software company acquisition

How to try it

At the time of the deal, there were no direct changes to Cursor’s product or pricing, and existing users can continue using it as usual at cursor.com. The deal is expected to close in Q3 2026, and further updates on post-close integration plans are still awaited.