SpaceX closes $60 billion all-stock purchase of Cursor maker Anysphere

SpaceX completed its $60 billion acquisition of Anysphere, the company behind the AI coding platform Cursor, on Friday, closing the largest deal yet struck in the agentic software market. The all-stock transaction makes Cursor a wholly owned subsidiary inside the SpaceXAI division, Crowdfund Insider reported, with the platform continuing to operate under its own name.

The structure dates to April, when the two companies announced a partnership that gave SpaceX a choice: buy Cursor outright for $60 billion later in the year, or pay $10 billion to formalize an ongoing collaboration. After its June initial public offering, SpaceX exercised the purchase option, paying entirely in stock. Cryptopolitan reported that the closing involved roughly 391 million Class A shares, and that Morgan Stanley estimates the acquisition could add as much as $13 billion to SpaceX revenue by 2027. SpaceX shares rose about 1.5 percent on the news, according to the same report.

What the buyer gets is distribution. Cursor serves tens of thousands of organizations, including a majority of the Fortune 500, according to Crowdfund Insider, a customer base that took the product from autocomplete to full coding agents over three years. SpaceX, which absorbed xAI earlier this year, gets a direct channel for Grok models into professional developer workflows. Wednesday's Grok 4.6 release was billed as the first joint output, and the company argues that access to its GPU fleet, including the Colossus cluster, will let the Cursor team train models that are both stronger and cheaper to run.

For the enterprises that standardized on Cursor as an independent vendor, the calculus changes. Model routing inside the product can be expected to favor the Grok family over rivals from Anthropic and OpenAI, whose models Cursor has historically resold at scale. Procurement teams that signed a neutral tooling contract now hold a dependency on a vertically integrated compute company with its own model agenda. As GaaS News has reported, switching costs in agentic coding tools are real and rising, which is precisely why a $60 billion price for a workflow layer can be rationalized.

The deal also resets the market's yardstick. Cursor was reportedly valued near $30 billion in private markets before the April option was struck. A completed $60 billion exit, paid in the stock of a newly public acquirer, gives every agentic software founder a comparable, and gives every acquirer a new sense of what locked-in developer workflows are worth.