On Thursday, SpaceX finally completed its acquisition of Anysphere, the developer of the AI-powered programming tool Cursor, in an all-stock deal worth $60 billion.
Both companies claim that no startup has ever been acquired for a larger sum, as SpaceX continues its aggressive push into the AI software industry and beyond.
Cursor Becomes a Subsidiary of SpaceXAI
The deal, confirmed in a U.S. Securities and Exchange Commission (SEC) Form 8-K, involved SpaceX issuing approximately 391 million Class A shares to complete the transaction. Unissued Cursor shares were converted into 389.3 million SpaceX shares, along with additional restricted stock units and options that were assumed by the buyer.
The company developing programming tools will operate as a wholly-owned subsidiary under SpaceXAI, to be established under a new brand. In an August 14 blog post, the company stated that the deal marked the final stage of a process that began in April, when the startup initially announced a partnership with SpaceXAI to accelerate model training.
SpaceX shares, listed on Nasdaq under the ticker SPCX, rose 1.5% to $143.45 following the news. Cursor analysts reported that the team would join SpaceXAI to work on Grok and related products, including Grok Build, Grok Bot, and Grok API.
Cursor is now part of @SpaceX.
Today we officially closed the acquisition deal. We will join @SpaceXAI to help make Grok the world's most helpful AI and to improve Grok Build, Grok Bot, Grok API, Cursor, and more.
SpaceX has built some of the most inspiring and...
– Cursor (@cursor_ai) August 14, 2026
Cursor Gains Access to SpaceX's Computing Resources
Cursor stated that the merger would provide the programming tool access to "the world's largest fleet of GPUs." According to the company, these computational resources will help train larger models that will also be cheaper to operate. The access includes the xAI Colossus supercomputer.
Cursor also highlighted the release of Grok 4.6, which occurred the day before the merger was finalized, seen as a preview of the potential enabled by the combined engineering efforts. Additionally, a beta product called Grok Bot has already been launched as part of the merger.
The company promises its existing customers continuity with enhanced efficiency in their processes. The startup states that its goal remains unchanged since launch: to help software engineers spend less time writing code and more time solving more complex problems.
Wall Street Bets on a Potential Cash Cow in Programming
Analysts are increasingly optimistic about Cursor's acquisition prospects for SpaceX stock, noting that focus shouldn't be solely on the space business. Morgan Stanley maintains a base price target of $300 and forecasts that the acquisition could increase SpaceX's revenue by $13 billion by 2027.
In a 24/7 WallSt column, analyst Joey Frenette noted Morgan Stanley's potential $600 billion price target, which depends on whether Cursor's annual recurring revenue grows from about $8 billion at year-end to approximately $33 billion by 2030.
