SpaceX Completes $60 Billion Acquisition of Cursor in Record AI Deal

SpaceX has completed its $60 billion all-stock acquisition of Anysphere, the company behind AI coding platform Cursor, bringing one of the fastest-growing names in AI software under Elon Musk’s space and technology empire.

The transaction, which closed on August 14, makes Cursor a wholly owned subsidiary of SpaceX and ranks among the largest acquisitions of a venture-backed startup ever recorded. The deal was structured entirely in SpaceX shares rather than cash.

Cursor is an AI-powered coding platform that helps software developers write, edit, review and improve code using AI agents. Its integration into SpaceX gives the company access to a much larger computing infrastructure as it expands its artificial intelligence ambitions.

A major attraction of the deal is SpaceX’s enormous GPU capacity. Cursor has said that joining SpaceX gives it access to what it describes as the world’s largest GPU fleet, including the company’s Colossus computing infrastructure.

That additional computing power could be particularly important for training and improving large AI models. Cursor has already been working with SpaceX on AI development, including efforts connected to Grok, SpaceX’s AI system. Reports indicate that the Cursor team has contributed to Grok development while using SpaceX’s computing resources to scale its own AI models.

The acquisition is part of a much broader strategy by SpaceX to build an integrated AI business combining computing infrastructure, AI models and software applications.

SpaceX’s regulatory filings had previously described the proposed $60 billion Cursor transaction and explained that the company expected the combination to strengthen its position in AI-assisted software development.

For Cursor, the acquisition provides access to computing resources that would be extremely expensive and difficult to build independently. For SpaceX, meanwhile, the deal brings an established AI coding platform and a large community of professional developers into its growing AI ecosystem.

The transaction also signals how quickly the boundaries between aerospace, computing and artificial intelligence are disappearing. SpaceX, traditionally known for rockets, satellites and Starlink, is increasingly positioning itself as a major player in AI infrastructure and software.

With Cursor now officially inside SpaceX, the company has gained another important piece for its AI ambitions: a powerful coding platform, an experienced AI engineering team and access to massive computing capacity that can be used to accelerate the development of Grok and other AI systems.