Topline
SpaceX announced it will acquire the AI coding platform Cursor for $60 billion, days after Elon Musk’s rocket company made a blockbuster public debut that boosted its market cap past $2.5 trillion.
SpaceX’s acquisition announcement comes just days after it made its public market debut with a record breaking IPO.
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Key Facts
In a Securities and Exchange Commission filing, SpaceX said it will acquire Cursor’s parent company, Anysphere, Inc., which will become a wholly owned subsidiary of the rocket company.
SpaceX said it expects to close the merger by the third quarter of 2026.
This is a developing story.
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