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SpaceX acquires AI coding startup Cursor for $60 billion in all-stock deal. Key points * SpaceX will acquire Anysphere, maker of Cursor, for $60 billion in stock - the largest VC-backed startup acquisition ever [[1]] * The deal comes just four days after SpaceX's $75 billion IPO, the biggest in stock market history [[3]] * Cursor crossed $1 billion in annualized revenue in November 2025 and was previously valued at roughly $30 billion [[1]] * SpaceX stock rose 8% on the announcement, pushing its market cap past $2.7 trillion [[3]] * Closing is expected in Q3 2026, with joint AI model training already underway [[3]] SpaceX is acquiring Anysphere, the San Francisco-based startup behind AI coding assistant Cursor, in an all-stock transaction valued at $60 billion, the companies disclosed in a securities filing on June 16 [[1]]. The deal is the largest acquisition of a venture-backed startup on record and will make Cursor a wholly owned subsidiary of SpaceX upon closing, which is expected in the third quarter of 2026 [[3]]. The acquisition arrives just four days after SpaceX completed its initial public offering on the Nasdaq under the ticker SPCX, raising $75 billion at $135 per share - the largest IPO in financial history [[4]]. SpaceX shares rose 8% on the announcement, pushing the company's market capitalization past $2.7 trillion, ahead of both Amazon and Meta...
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