SpaceX Agrees to Buy AI Coding Agent Cursor for $60 Billion

SpaceX will buy Cursor parent Anysphere for $60 billion, striking a massive deal for an autonomous coding agent that could help the company catch up with its AI rivals after its blockbuster IPO. Cursor will receive $60 billion worth of SpaceX stock under the agreement. The deal comes days after SpaceX’s historic public offering. SpaceX’s market value is now nearing $3 trillion after its shares jumped 19% in their first day trading, another 20% Monday and over 10% Tuesday morning. The stock pop vaulted SpaceX’s market value over Amazon’s, putting it in the top five most valuable U.S. public companies. Cursor Chief Executive Michael Truell said the deal with SpaceX would help it advance its frontier AI capabilities “with the goal of building the world’s most useful AI models.”