SpaceX closes its $60 billion acquisition of Cursor

SpaceX officially closed its acquisition of AI coding company Cursor on August 15. The 60 billion dollar deal was settled entirely in stock and follows SpaceX's public offering. It concludes a process that began in April 2026 with a partnership that included an acquisition option, confirmed in June.

Cursor, built by the startup Anysphere, ranks among the fastest-growing developer tools of the AI era. Under SpaceX, the team gains access to what the company describes as the largest fleet of GPUs in the world — infrastructure SpaceX also rents to customers including Anthropic and Google.

Strategically, the purchase fits Elon Musk's rebuild of SpaceX into a vertically integrated AI company: SpaceX had previously acquired the AI firm xAI. Cursor now adds the software-development application layer meant to monetize that enormous compute capacity directly.

In the closing announcement, SpaceX said it is building “the computing capacity needed to scale intelligence far beyond what exists today,” adding that Cursor “will be one place where that intelligence becomes useful.” Observers read the move as a direct challenge to OpenAI and Anthropic in AI-assisted software development.

For developers, little changes for now: Cursor is set to continue as a standalone product inside SpaceX. Over time, however, integration with SpaceX's compute infrastructure is likely to shape the editor's pricing and performance — and to further intensify the race for coding agents.