HAWTHORNE, California — SpaceX has agreed to acquire the artificial intelligence coding startup Cursor for $60 billion in an all-stock deal, the company announced this week, in a move that strengthens its capabilities in AI-powered software development.
The transaction, disclosed Tuesday following SpaceX’s recent initial public offering, involves the parent company Anysphere and is expected to close in the third quarter of 2026, according to regulatory filings and company statements. Cursor develops AI tools that assist with code writing, debugging and other programming tasks.
SpaceX and Cursor first announced a partnership in April, which included an option for SpaceX to acquire the startup for $60 billion or pay $10 billion for collaborative work. The deal comes as SpaceX leverages its Colossus supercomputer for AI training and seeks to enhance internal development processes.
" The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models," SpaceX said in a statement.
The acquisition provides SpaceX with advanced AI coding technology, potentially improving efficiency in its complex engineering projects related to rockets, satellites and other systems. Cursor, founded in 2022, had been in talks for a funding round that would have valued it at around $50 billion prior to the SpaceX deal, reports said.
Details on how the integration will affect SpaceX’s broader AI initiatives, including any ties to its xAI affiliate, remain unclear. The move positions SpaceX more firmly in the competitive AI tools market alongside companies such as OpenAI and Anthropic.
SpaceX, which went public in a record IPO days earlier, saw its valuation surge, providing the stock currency for the transaction. Founders of Cursor stand to receive significant value in SpaceX shares, according to reports on the deal’s impact.
As of June 20, 2026, the companies had not released additional specifics on post-acquisition plans or financial terms beyond the headline value. SpaceX did not immediately respond to requests for further comment.
The deal underscores growing convergence between aerospace engineering demands and AI technology development. Cursor will operate as a subsidiary upon closing, officials have indicated.
