SpaceX will buy Anysphere, the company behind the Cursor AI code editor, for US$60 billion in stock, the rocket-maker confirmed in a filing on 16 June. The merger is expected to close in the third quarter.
The timing is the tell. The deal lands days after SpaceX's Nasdaq debut, the biggest IPO on record, which raised more than US$80 billion at a valuation above US$2 trillion, and it ranks as the largest acquisition of a venture-backed startup ever. SpaceX is paying entirely in freshly minted public stock rather than cash, CNBC reports.
That puts a frontier coding tool inside a rocket company and squarely against Anthropic and OpenAI, whose own coding products SpaceX now competes with. It also leaves Cursor's developers betting their daily workflow on Musk's equity. The open question is whether regulators wave through an all-stock deal this large.