# SpaceX Agrees to Acquire AI Coding Startup Cursor for $60 Billion

> SpaceX has agreed to swallow one of the hottest names in AI coding, striking a $60 billion all-stock deal for Cursor, the maker of the popular AI-native code editor built by Anysphere. The purchase, expected to close in the third quarter of 2026, folds Cursor into Elon Musk's orbit and is meant to strengthen xAI's hand against OpenAI, Anthropic, and Google in the race to build the tools developers actually live in. The mechanics are as wild as the number. The two sides had signed an option agreement back in April that let SpaceX either acquire Cursor or pay a $10 billion breakup fee, and a post-IPO surge in SpaceX shares, from around $135 to north of $200, made the all-stock price easier to stomach. Cursor's team stays on, with an ambitious 1.5 trillion parameter foundation model reportedly in the works. Whether a rocket company should own a code editor is a fair question, but in an era where agentic coding tools command search-engine money, controlling that layer is exactly the kind of strategic ground everyone is now fighting over.

_Section: [Daily AI Updates](https://www.wortins.com/daily-ai) · Source: TechCrunch · Published Thursday, July 9, 2026_

## Wortins' read

SpaceX has agreed to swallow one of the hottest names in AI coding, striking a $60 billion all-stock deal for Cursor, the maker of the popular AI-native code editor built by Anysphere. The purchase, expected to close in the third quarter of 2026, folds Cursor into Elon Musk's orbit and is meant to strengthen xAI's hand against OpenAI, Anthropic, and Google in the race to build the tools developers actually live in. The mechanics are as wild as the number. The two sides had signed an option agreement back in April that let SpaceX either acquire Cursor or pay a $10 billion breakup fee, and a post-IPO surge in SpaceX shares, from around $135 to north of $200, made the all-stock price easier to stomach. Cursor's team stays on, with an ambitious 1.5 trillion parameter foundation model reportedly in the works. Whether a rocket company should own a code editor is a fair question, but in an era where agentic coding tools command search-engine money, controlling that layer is exactly the kind of strategic ground everyone is now fighting over.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-for-60b-in-stock-days-after-blockbuster-ipo/)

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