SpaceX Completes $60 Billion Acquisition of Cursor

SpaceX has completed its $60 billion all-stock acquisition of Anysphere, the company behind the AI coding tool Cursor, making it a wholly owned subsidiary as the space and technology firm expands its artificial intelligence operations. The merger became effective on August 14, 2026, according to a filing with the U.S. Securities and Exchange Commission.

Under the terms of the transaction, SpaceX issued approximately 389.3 million Class A shares to Cursor investors, based on an implied equity value of $60 billion. The share count was determined by SpaceX's volume-weighted average closing price over the seven trading days before the acquisition closed. The deal, which was announced on June 16, 2026, is considered the largest startup acquisition on record.

In a statement, Cursor confirmed the closing and outlined its integration into SpaceX's AI division. "Today, we have officially closed our acquisition. We will join the SpaceXAI team to help make Grok the world's most useful AI and improve Grok Build, Grok Bot, Grok API, Cursor, and more," the company said. The statement indicates the Cursor brand will continue, at least for now, even as the company operates under SpaceX.