SpaceX agrees to buy Anysphere, the company behind Cursor, in all-stock deal

Elon Musk’s SpaceX has agreed to acquire Anysphere, the company behind the AI coding tool Cursor, in a $60 billion all-stock transaction, according to reports citing the deal announcement. The agreement would make the startup a wholly owned part of SpaceX and marks a major expansion of the aerospace company’s interest in artificial intelligence.

The transaction was described as an all-stock deal, meaning the acquisition would be paid for with equity rather than cash. Reports said the structure would leave Anysphere fully folded into SpaceX once the deal closes. Decrypt reported that the move would turn Cursor into a wholly owned SpaceX subsidiary, while Nasdaq identified Anysphere as the target of the purchase and said the company behind Cursor would be absorbed through a merger involving a SpaceX subsidiary.

Nasdaq reported that SpaceX’s wholly owned subsidiary, X67, Inc., agreed to merge with and into Cursor as part of the transaction. That detail suggests the deal is being structured through a subsidiary rather than a direct acquisition by the parent company. The reports did not provide additional terms on timing, regulatory review, or closing conditions, and the available material did not say when the transaction was expected to be completed.

The acquisition comes as SpaceX continues to broaden its interests beyond rockets and satellite services. The deal would deepen the company’s push into AI, according to Decrypt, which linked the transaction to SpaceX’s broader expansion in that field. While SpaceX is best known for its space launch business and satellite network, the reported purchase shows the company moving further into software and machine learning-related assets.

Cursor has become known as an AI-powered development tool, and the reported buyer is bringing that business under the SpaceX umbrella rather than keeping it as a separate operation. The sources did not give financial details beyond the $60 billion figure, nor did they provide commentary from company executives. No additional information was included about whether Cursor’s brand, product line or staff would remain intact after the transaction.

The reported deal also drew attention because of the size of the valuation attached to the transaction. A $60 billion all-stock acquisition would rank among the larger corporate technology deals reported this year and highlights continued investor and corporate interest in AI-related businesses. The material provided did not say how the market was reacting beyond Decrypt’s reference to SpaceX shares reaching a new high, and it did not include any trade data or public-market figures. Still, the reported agreement points to a significant restructuring of one of the better-known AI startup names under the control of a company already associated with large-scale engineering and ambitious growth plans.