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Jun 16, 2026

SpaceX acquires AI coding startup Cursor for $60 billion in all-stock deal, becomes world's fifth most valuable company

Elon Musk's SpaceX has agreed to acquire Anysphere, the company behind AI coding tool Cursor, for $60 billion in stock just days after SpaceX's IPO. The acquisition propels SpaceX past Amazon to become the world's fifth most valuable company.

Jun 16, 2026·4 sources
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Top claims

  • ▪SpaceX's share price rose over 50% from its IPO price of $135 to over $200 per share
  • ▪Cursor, founded in 2022 as Anysphere, is a San Francisco-based startup that uses AI to automate software development
  • ▪Under the merger agreement, a SpaceX subsidiary named X67 Inc. will merge into Anysphere, making Cursor a wholly owned subsidiary

People involved

Elon Musk

Subtopics

AI coding assistants1AI startups1AI tools & products1

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SpaceX acquires AI coding startup Cursor for $60 billion in all-stock deal, becomes world's fifth most valuable company

SpaceX acquires AI coding startup Cursor for $60 billion in all-stock deal, becomes world's fifth most valuable company

Jun 16, 2026·4 sources