SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies
SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO. SpaceX is pushing deeper into AI with its largest acquisition yet, striking a $60 billion (€51.7bn) all-stock agreement to buy Anysphere, the developer of the AI coding assistant Cursor. The purchase, announced on Tuesday, is intended to strengthen SpaceX's position in the enterprise AI market, where rivals such as OpenAI and Anthropic have found early commercial traction. Anysphere is a San Francisco startup that uses AI to automate large parts of software development, and its Cursor tool is widely used by programmers. According to a regulatory filing, the two sides signed a merger agreement under which a SpaceX subsidiary, X67 Inc., will merge into Anysphere, leaving Cursor as a wholly owned subsidiary. The merger is expected to close in the third quarter o...