
SpaceX Buys Cursor Parent Anysphere for $60 Billion, the Largest Startup Acquisition Ever
SpaceX confirmed on June 16 it will acquire Anysphere, the company behind the AI coding tool Cursor, in an all-stock deal valued at roughly $60 billion, the largest acquisition of a venture-backed startup on record. The purchase folds Cursor, which had scaled to about $2.6 billion in annualized revenue, into SpaceX's AI division formed through its earlier merger with Musk's xAI. It matters because it vaults Musk's ecosystem straight into the developer-tools fight against Anthropic and OpenAI, and signals that the AI coding market is now worth empire-level money. The deal is expected to close in Q3 pending regulatory approval.





