SpaceX acquires Cursor AI coding startup for $60 billion
Key takeaways
- Space X acquires Cursor AI coding startup for $60 billion Quartz · SOPA Images / Getty Images Cris Tolomia Wed, June 17, 2026 at 6:40 PM GMT+7 2 min read SPCX Space Exploration Technologies Corp.
- A common stock to Cursor shareholders as consideration for the deal, with each class of Cursor stock — common and preferred — converting into SpaceX shares.
- SpaceX had only recently made its stock market debut — an IPO that CNBC called the largest in history — when it moved to finalize the Cursor deal, having priced shares at $135 and watched them open on the Nasdaq at $150.
Space X acquires Cursor AI coding startup for $60 billion Quartz · SOPA Images / Getty Images Cris Tolomia Wed, June 17, 2026 at 6:40 PM GMT+7 2 min read SPCX Space Exploration Technologies Corp. agreed to acquire Anysphere, Inc., the parent company of AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion, the company said Tuesday.
Space X will issue Class. A common stock to Cursor shareholders as consideration for the deal, with each class of Cursor stock — common and preferred — converting into SpaceX shares. How many SpaceX shares each Cursor holder receives will depend on a volume-weighted average of SpaceX's closing price across the seven trading days preceding the transaction's completion. SpaceX expects the transaction to close during the third quarter of 2026, pending regulatory approvals.
SpaceX had only recently made its stock market debut — an IPO that CNBC called the largest in history — when it moved to finalize the Cursor deal, having priced shares at $135 and watched them open on the Nasdaq at $150. SpaceX stock gained roughly 16% on Tuesday, according to CNBC.