Anysphere

AI Coding Tools · Aerospace · Enterprise AI Infrastructure

Acquisition

SpaceX Closes $60B All-Stock Acquisition of Cursor Maker Anysphere

The purchase turns a coding assistant into the core of a satellite operator's bet on selling AI infrastructure, not just rockets.

• SpaceX completed its $60 billion all-stock acquisition of Anysphere, the maker of AI coding tool Cursor, with the merger becoming effective August 14, 2026.
• Anysphere built Cursor, an AI-powered code editor widely used by software engineers for AI-assisted programming.
• Cursor's common and preferred shares converted into a right to receive an aggregate 389,289,254 shares of SpaceX Class A stock, based on the $60 billion valuation.
• The closing follows a definitive merger agreement signed June 16, 2026, which itself grew out of an April partnership where Cursor used SpaceXAI compute for model training.
• Morgan Stanley projects Cursor's annual recurring revenue could hit $8 billion by the end of 2026 and roughly $33 billion by 2030.
• Morgan Stanley kept its $300 price target on SpaceX but outlined a $600 bull case that hinges largely on Cursor's integration into Grok and the wider AI platform.
• The deal shows aerospace and AI infrastructure businesses converging, as owners of coding agents and compute bet that value accrues to deployment and data, not just model layers or software seats.