SAN FRANCISCO, United States — SpaceX has agreed to acquire Anysphere, the company behind AI coding assistant Cursor, in a deal reportedly valued at $60 billion, according to a report published Tuesday by technology news outlet The New Stack.
Okay News reports that the acquisition follows months of collaboration between the two companies. The report said SpaceX and Cursor entered a partnership earlier this year that gave Elon Musk’s company the option of either investing heavily in model-training efforts or purchasing the startup outright. The reported takeover is expected to close in the third quarter of 2026, subject to regulatory and corporate approvals.
The acquisition comes as competition intensifies in the artificial intelligence coding tools market, where products such as Cursor, Claude Code, Codex and other AI-powered assistants are increasingly being adopted by software developers. Industry analysts cited in the report suggested that the deal is likely aimed not only at acquiring Cursor’s technology but also securing its engineering talent and expertise in large-scale AI development.
Cursor has emerged as one of the fastest-growing AI coding platforms in recent years, attracting significant investor interest and reaching a multibillion-dollar valuation. The startup previously said its collaboration with SpaceX would help accelerate model training through access to advanced computing infrastructure.
Analysts believe the acquisition could strengthen SpaceX’s artificial intelligence ambitions, particularly in software development tools, an area where the company has reportedly sought to expand its capabilities. Observers also noted that ownership of widely used coding platforms could provide strategic insight into developer workflows, software creation trends and enterprise AI spending.
While some experts expect the additional resources available under SpaceX ownership to improve Cursor’s performance and product development, questions remain about whether the platform will maintain its current level of independence and support for multiple AI models.
Neither SpaceX nor Cursor had announced immediate changes to the platform’s operations at the time of the report.
