SpaceX has agreed to acquire Cursor, a popular AI-powered coding assistant, in a deal reported to be worth $60 billion, according to The Washington Post and AP News. The acquisition is framed as SpaceX's move to gain a competitive edge over AI rivals Anthropic and OpenAI, both of which have their own developer-focused AI tools.
Cursor, built by startup Anysphere, has become one of the most widely used AI coding environments, allowing software developers to write, edit, and debug code with the help of AI models. Its rapid adoption among professional developers made it one of the most valuable AI software companies despite being relatively young.
The announcement sent SpaceX's valuation sharply higher. According to TheStreet, SpaceX jumped 20% after the deal was revealed, even as broader markets struggled — the Dow fell roughly 900 points and the Nasdaq and S&P 500 also declined on the same day.
InfoWorld noted the planned deal is already raising questions among chief information officers, who must weigh how a SpaceX-owned Cursor might affect their software development teams and tool procurement decisions.
The $60 billion price tag — if confirmed — would rank among the largest acquisitions in AI history, signaling how fiercely the technology industry is competing to own the tools developers use every day.