Elon Musk-led SpaceX, fresh from its blockbuster market debut, has announced the acquisition of Anysphere, the software firm behind the popular AI coding agent Cursor, at an amount of USD 60 billion, with the goal of ramping up the conglomerate’s presence in the enterprise AI market.
The merger, which comes just days after Musk took his rockets-to-AI company public through a memorable IPO that valued the firm at more than USD 2 trillion, will be closed during the third quarter of 2026.
SpaceX, aiming for the enterprise AI market, had been eyeing Cursor for quite some time. In April 2026, the company informed the media about securing an option to either acquire San Francisco-based software firm for USD 60 billion later this year or pay USD 10 billion for their new partnership.
“Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that have drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction,” reported Reuters.
“Cursor’s business has scaled rapidly since its founding in 2022, with roughly USD 2.6 billion in annualised business-to-business revenue and enterprise sales growing sharply,” the media outlet stated further.
The Cursor deal could give xAI, the Grok chatbot maker that SpaceX merged with in February 2026, a stronger foothold in the AI coding market where it has so far lagged rivals. Cursor and Anysphere, on the other hand, will get more computing capacity to develop AI models.
In March, two of Cursor’s product engineering heads joined SpaceX to contribute to the company’s lunar projects and xAI.
“It was not immediately clear if the deal would affect SpaceX’s agreements to rent out its data centres. The company has, in recent weeks, struck deals with Anthropic and Alphabet-owned Google to lease cloud computing capacity worth roughly USD 26 billion combined on an annual basis. Both deals include 90-day termination clauses, meaning SpaceX could quickly reclaim computing capacity if needed,” Reuters stated further.