SpaceX to acquire the AI coding startup Cursor for $60 billion

# SpaceX to acquire the AI coding startup Cursor for $60 billion Skip [Image 1: CNBC svg) SpaceX to acquire the AI coding startup Cursor for $60 billion Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Markets * Pre-Markets * S. Markets * Currencies * Prediction Markets * Cryptocurrency * Futures & Commodities * Bonds * Funds & ETFs Business * Economy * Finance * Health & Science * Media * Real Estate * Energy * Climate * Transportation * Investigations * Industrials * Retail * Wealth * Sports * Life * Small Business Investing * Personal Finance * Fintech * Financial Advisors * Options Action * ETF Street * Buffett Archive * Earnings * Trader Talk Tech * Cybersecurity * AI * Enterprise * Internet * Media * Mobile * Social Media * CNBC Disruptor 50 * Tech Guide Politics * White House * Policy * Defense * Congress * Expanding Opportunity Video * Latest Video * Full Episodes * Livestream * Live Audio * Live TV Schedule * CNBC Podcasts * CEO Interviews * CNBC Documentaries * Digital Originals Watchlist Investing Club * Trust Portfolio * Analysis * Trade Alerts * Meeting Videos * Homestretch * Jim’s Columns * Education *

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[Image 4: Join svg) [Image 5: Join svg) Livestream [Image 6: background of com/api/v1/image/108146213-[redacted v=[redacted [Image 7: foreground of com/api/v1/image/108241250-[redacted v=[redacted phone]) * 2026 List * Methodology * 2025 List * 2024 LIST * 2023 List * Newsletter CNBC Disruptor 50 # SpaceX to acquire the AI coding startup Cursor for $60 billion Published Tue, Jun 16 2026 9:06 AM EDT Updated Tue, Jun 16 2026 10:51 AM [Image 8: com/api/v1/image/107134095-[redacted v=[redacted phone]&w=60&h=60&ffmt=webp) Ashley Capoot@/in/ashley-capoot/ WATCH LIVE Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Key Points * SpaceX announced it will acquire the AI coding startup Cursor for

$60 billion in an all stock transaction. * The Cursor deal could bolster SpaceX efforts to compete with rivals like Anthropic and OpenAI, which offer popular coding tools. * SpaceX expects the merger to close during the third quarter of this year, according to a filing In this article * SPCX-3.40 [Image 9: After svg) Follow your favorite stocks CREATE FREE [Image 10: SpaceX to buy Cursor AI parent company Anysphere in $60 billion v=[redacted phone]&w=750&h=422&vtcrop=y) watch now VIDEO 0:38 00:38 SpaceX to buy Cursor AI parent company Anysphere in $60 billion deal Squawk Box SpaceX on Tuesday announced it entered a formal agreement to buy the artificial intelligence startup Cursor for $60 billion worth of stock, a hotly anticipated deal.

The announcement comes just days after Elon Musk’s rocket-maker debuted on the Nasdaq in the biggest initial public offering ever. Cursor built a popular AI coding tool that helps software developers generate, edit and review code, and the company has experienced explosive growth since its founding in 2022. In November, Cursor said it crossed $1 billion in annualized revenue, according to a release at the time. Cursor was also ranked at No. 37 on the annual CNBC Disruptor 50 list in 2026. The $60 billion in class A common stack that SpaceX has agreed to pay to acquire Cursor represented a 3.4% dilution at the aerospace and tech conglomerate’s IPO valuation.

Shares of SpaceX gained roughly 16% on Tuesday, topping Amazon and Microsoft by market cap and making it the fourth most valuable company in the S. Musk merged SpaceX with his AI startup, xAI, earlier this year, and the Cursor deal looks set to help revitalize the company’s efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools. SpaceX has not provided its investors with details on Cursor’s customer list, momentum or revenue. Cursor’s market share had declined from 41% in June 2025 to about 26% in May, according to spending data from Ramp.

Anthropic now controls half of that category. SpaceX expects the merger to close during the third quarter of this year, according to a filing with the Securities and Exchange Commission. The transaction is subject to “requisite regulatory approvals,” the filing said. ## Read more CNBC tech news * Godfather of AI blasts Musk’s xAI as ‘failure,’ says labs are risking a ‘big bubble explosion’ * Google Gemini co-lead Noam Shazeer leaves for OpenAI * SpaceX adds longtime Elon Musk ally Roelof Botha to board * Allbirds continues AI pivot with name change and CEO hire, sending stock soaring “We look forward to working closely with the Cursor team to advance our frontier AI capabilities,” SpaceX said in a post on X on Tuesday.

Venture capital firm Thrive Capital holds positions in both SpaceX and Cursor, and the combined stake is now worth more than $10 billion, according to a source familiar with the figure who requested anonymity because the details are confidential. SpaceX President and COO Gwynne Shotwell recently told CNBC’s Morgan Brennan that the Cursor partnership “makes a huge amount of ” SpaceX and Cursor did not immediately respond to CNBC’s request for comment. In April, SpaceX said it had obtained the right to acquire Cursor for $60 billion later this year. If, for some reason, the deal is not consummated, SpaceX had agreed to pay Cursor a “termination fee” of $1.5 billion, and $8.5 billion in computing resources, according to its IPO filings.

Cursor CEO Michael Truell said in a post on X at the time that he’s, “Excited to partner with the SpaceX team to scale up Composer,” referring to his company’s AI model. “A meaningful step on our path to build the best place to code with ” _-- Lora Kolodny contributed [Image 11: What SpaceX's rising stock price means for the broader v=[redacted phone]&w=750&h=422&vtcrop=y) watch now VIDEO 3:42 03:42 What SpaceX’s rising stock price means for the broader market Squawk Box Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Related [Image com/api/v1/image/108308219-[redacted v=[redacted phone]&w=200)2026 CNBC Disruptor 50: See the full list of companies, rankings, and a new leader in the AI race [Image com/api/v1/image/108308060-[redacted v=[redacted phone]&w=200)Cursor: No. 37 on this year’s CNBC Disruptor 50 list [Image com/api/v1/image/108289783-[redacted card]-gettyimages-[redacted phone]-[redacted v=[redacted phone]&w=200)2026 CNBC Disruptor 50 list: Why Anthropic was No. 1 in this year’s rankings [Image 15: Dario Amodei, chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, com/api/v1/image/108267419-[redacted card]-gettyimages-[redacted v=[redacted phone]&w=200)Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round ## More In CNBC Disruptor

[Image 16: 2026 CNBC Disruptor 50 list: Why Anthropic was No. 1 in this year's com/api/v1/image/108289783-[redacted card]-gettyimages-[redacted phone]-[redacted v=[redacted phone]&w=600&h=300&vtcrop=y) 2026 CNBC Disruptor 50 list: Why Anthropic was No. 1 in this year’s rankings Julia [Image 17: 2026 CNBC Disruptor 50: See the full list of companies, rankings, and a new leader in the AI com/api/v1/image/108308219-[redacted v=[redacted phone]&w=600&h=300&vtcrop=y) 2026 CNBC Disruptor 50: See the full list of companies, rankings, and a new leader in the AI race com [Image 18: 2026 CNBC Disruptor 50 list: How we chose this year's com/api/v1/image/108308222-[redacted v=[redacted phone]&w=600&h=300&vtcrop=y) 2026 CNBC Disruptor 50 list: How we chose this year’s companies David

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