SpaceX to acquire AI coding platform Cursor in $60B stock transaction
Key takeaways
- The transaction will see Space X (NASDAQ:SPCX) subsidiary X67 Inc merge with Anysphere, after which Cursor will operate as a wholly owned subsidiary of Space X.
- Under the agreement, holders of Cursor s common and preferred shares will receive SpaceX Class A stock.
- The acquisition follows SpaceX s recent public market debut, which valued the company at more than $2 trillion.
Space X to acquire AI coding platform Cursor in $60B stock transaction Proactive Tue, June 16, 2026 at 8:37 PM GMT+7 1 min read SPCX Space X (NASDAQ:SPCX) has reached an agreement to acquire Anysphere, the developer of the artificial intelligence coding assistant Cursor, in a stock-for-stock deal that values the company at $60 billion.
The transaction will see Space X (NASDAQ:SPCX) subsidiary X67 Inc merge with Anysphere, after which Cursor will operate as a wholly owned subsidiary of Space X. The company expects the acquisition to close in the third quarter of 2026, pending regulatory approvals and other customary closing conditions.
Under the agreement, holders of Cursor s common and preferred shares will receive SpaceX Class A stock. The exchange ratio will be determined using Cursor s $60 billion implied equity value and the volume-weighted average closing price of SpaceX shares during the seven trading days leading up to the closing date.