SpaceX has signed a definitive merger agreement with Anysphere — the developer of the Cursor artificial-intelligence platform. The deal is worth $60 billion and is settled entirely in stock. The agreement was signed just a few days after the company's record IPO.
The deal demonstrates investors' growing interest in artificial-intelligence infrastructure projects on the public market after going public.
More about the deal
The deal was announced on June 16, 2026. As a result, a SpaceX subsidiary called X67 Inc. will be created. It will be merged with Cursor, with Cursor retaining its status as a subsidiary.
According to Reuters, Cursor shareholders will receive SpaceX Class A common stock at a $60 billion valuation. The value was calculated based on the volume-weighted average price for the week before the deal closes.
The partnership was not discussed for the first time: back in April 2026 there were reports that SpaceX had obtained an option to buy Cursor this year.
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Using stock exclusively allows SpaceX to focus on developing its core areas, while also preserving liquidity for the company's operating expenses. The payout mechanics motivate teams toward further growth in the fast-developing AI segment.
Context and timing of the deal
Since going public, SpaceX has been trading confidently. Recently the share price held around $192.
The Cursor acquisition coincides with growing interest in artificial-intelligence-based tools that speed up engineers' work — a key area for integration into Starship, Starlink and xAI.
Cursor is rapidly gaining popularity: millions of developers and the largest enterprise clients have joined the platform, which has delivered serious revenue growth in the field of intelligent programming.
The $60 billion valuation reflects the high value of the autonomous Composer agent models and confirmed market demand.
Source: BeInCrypto
