1 Interesting Reason Why SpaceX Bought Cursor, and How It'll Impact Investors
Key takeaways
- Most headlines focused on the obvious reason for the deal: Elon Musk wants Space X subsidiary x AI to compete with Open AI and Anthropic.
- The acquisition of Anysphere also gives Space X billions in immediate revenue.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Catie Hogan, The Motley Fool Sun, June 21, 2026 at 3:20 AM GMT+7 2 min read SPCX Space Exploration Technologies (NASDAQ: SPCX) is acquiring Anysphere, the maker of the popular AI coding tool Cursor, for $60 billion in an all-stock deal. Most headlines focused on the obvious reason for the deal: Elon Musk wants Space X subsidiary x AI to compete with Open AI and Anthropic. That is true, but there s a bit more to the story.
The acquisition of Anysphere also gives Space X billions in immediate revenue. Cursor is one of the fastest-growing software companies ever, with annual revenue allegedly exceeding $4 billion. This matters because since SpaceX s IPO, the company is now valued at more than $2 trillion, but its annual revenue is less than $20 billion. An enterprise priced at this level desperately needs to generate cash within its businesses to justify the valuation over the long term.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »