SpaceX, coming off a record-breaking initial public offering that netted it $85.7 billion, has not slowed its business momentum. The company plans to acquire Cursor, an AI coding agent, in an all-stock deal worth $60 billion. The deal with Anysphere, Inc., the software company behind Cursor, is expected to bolster SpaceX’s AI organization following its merger with xAI.
The deal is projected to close in the third quarter of 2026, according to reporting by TechCrunch. Cursor, which lets developers generate, edit and review code, markets itself as a “coding agent for building ambitious software.” It enables builders to delegate system implementation to agents, freeing them up to focus on higher-level direction instead. The company secured a funding round this past November at a post-money valuation of $29.3 billion, growing in time with increased adoption of AI coding tools.
Acquiring Cursor will help SpaceX as it revamps its AI division following hurdles including several legal implications surrounding its Grok chatbot. The company previously announced this potential combination with Cursor in an April social media post, describing how the two organizations would either join forces in an acquisition to “create the world’s best coding and knowledge work AI,” or part ways with a $10 billion payment from SpaceX.
