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SpaceX completes $60 billion Cursor deal to boost AI coding
Key takeaways
- In a filing, Space X confirmed the deal will be an all-stock transaction, with the company expecting the merger to close during the third quarter, pending regulatory approvals.
- SpaceX shares were up in pre-market trade, poised for 3 straight days of gains since its IPO.
- Cursor s business has scaled rapidly since its founding in 2022, with roughly $2.6 billion in annualized revenue and enterprise sales rising, per Reuters.
Space X completes $60 billion Cursor deal to boost AI coding Pras Subramanian · Senior Reporter Tue, June 16, 2026 at 7:55 PM GMT+7 1 min read SPCX Space X (SPCX) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.
In a filing, Space X confirmed the deal will be an all-stock transaction, with the company expecting the merger to close during the third quarter, pending regulatory approvals.
The agreement follows an option Space X secured in April of this year, where SpaceX obtained the right either to pay roughly $10 billion for a partnership with Cursor or to acquire the company for $60 billion later in the year.
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