Space Exploration Technologies Corp. (SpaceX) announced that it has entered into an agreement to acquire AI coding startup Anysphere, the company behind Cursor, in an all-stock transaction that values the business at an implied equity value of $60 billion. In April, it was revealed that SpaceX secured this acquisition option.
According to a Form 8-K filing dated June 16, 2026, SpaceX and its wholly owned subsidiary, X67 Inc., entered into an Agreement and Plan of Merger with Anysphere. Under the terms of the agreement, X67 will merge with and into Anysphere, with Anysphere surviving the transaction as a wholly owned subsidiary of SpaceX.
The deal remains subject to customary closing conditions, including the receipt of required regulatory approvals. SpaceX said it currently expects the transaction to close during the third quarter of 2026.
Under the terms of the merger agreement, each outstanding share of Anysphere’s common and preferred stock will be converted into the right to receive shares of SpaceX Class A common stock. The exchange ratio will be based on Cursor’s implied $60 billion equity valuation and the volume-weighted average closing price of SpaceX Class A shares over the seven consecutive trading days immediately preceding the closing of the transaction.
Founded by Anysphere, Cursor has emerged as one of the leading AI-assisted coding platforms, providing software developers with tools that integrate artificial intelligence into the programming workflow.
If completed, the acquisition would be among the largest transactions involving an AI software company and would expand SpaceX’s presence beyond aerospace and satellite communications into artificial intelligence software.
