SpaceX has completed its $60 billion all-stock acquisition of Cursor, the widely used AI coding assistant, according to an announcement on the company’s blog. The deal folds the four-year-old startup into SpaceX’s expanding computing empire, four months after the two companies first agreed to work together.
How the deal came together
SpaceX and Cursor’s parent company, Anysphere, announced a partnership in April 2026 focused on training AI models, an agreement that included an option for SpaceX to acquire Cursor outright. In June, shortly after SpaceX’s initial public offering, the companies said they were moving forward with the acquisition; it formally closed on August 14.
What Cursor gets
Cursor said joining SpaceX gives it “access to the largest fleet of GPUs in the world,” a reference to the computing capacity SpaceX has assembled through xAI, the Grok maker it folded into its “SpaceXAI” unit earlier this year. Cursor has grown quickly: its annualized revenue passed $4 billion in June, with roughly $2.6 billion of that from enterprise customers, according to data compiled by startup-tracking firm Dealroom. The company says its product and mission — helping developers “spend less time writing code and more time solving harder problems” — will stay the same.
A crowded market
The acquisition pulls one of the most popular standalone AI coding assistants into a company that already controls one of the industry’s largest compute stockpiles, at a moment when rival tools from Anthropic, OpenAI and GitHub are competing hard for developer attention. It also extends a buying spree: SpaceX bought xAI outright earlier in 2026 (see What Is xAI?) and has separately backed AI startups like Reflection AI with billion-dollar compute deals, building out what increasingly looks like a full-stack AI arm alongside its rocket and satellite businesses.
No financial terms beyond the stock-based structure have been disclosed, and neither company has said whether Cursor will keep operating as a distinct brand long-term.