--- title: "Report: SpaceX to Acquire AI Coding Tool Cursor in All-Stock Deal Valued at $60 Billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/289908426.md" description: "On June 16, SpaceX signed a definitive merger agreement with Anysphere, the developer of AI coding tool Cursor, to acquire it in an all-stock transaction, implying a valuation of $60 billion for Cursor. Cursor shareholders will receive SpaceX Class A Common Stock at an agreed-upon ratio, with the deal expected to close in Q3 2026" datetime: "2026-06-16T11:11:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289908426.md) - [en](https://longbridge.com/en/news/289908426.md) - [zh-HK](https://longbridge.com/zh-HK/news/289908426.md) --- # Report: SpaceX to Acquire AI Coding Tool Cursor in All-Stock Deal Valued at $60 Billion SpaceX has once again made a significant bet on the artificial intelligence sector. On June 16, according to Bloomberg, SpaceX signed a definitive merger agreement with Anysphere, the developer of the AI coding tool Cursor, **to complete the acquisition through an all-stock transaction. The deal implies a valuation of up to $60 billion for Cursor.** According to the Form 8-K regulatory filing submitted by SpaceX on Tuesday, existing common and preferred shareholders of Cursor will **receive SpaceX Class A Common Stock corresponding to Cursor's implied equity value of $60 billion. The transaction is conducted entirely in stock, with no cash consideration involved**. The merger is expected to be completed in the third quarter of 2026, subject to regulatory approval and the satisfaction of other customary closing conditions. The finalization of this acquisition will provide SpaceX with more robust capabilities to compete in the AI programming arena. ## All-Stock Swap Anchored at $60 Billion Valuation According to reports, SpaceX first disclosed in April this year that it had secured a right of first refusal to acquire Cursor, but at that time, progress was paused citing the company's imminent IPO. With the signing of this formal agreement, the transaction framework has been clarified—Cursor shareholders will receive consideration in the form of SpaceX stock, with the exchange ratio calculated based on Cursor's $60 billion valuation and the volume-weighted average price (VWAP) of SpaceX stock over the seven consecutive trading days prior to the completion of the transaction. Cursor is one of the fastest-growing AI coding tools in recent years, focusing on helping developers efficiently write, debug, and optimize code. It has rapidly gained market recognition thanks to its large-model-driven natural language programming assistance capabilities. As software developers' demand for AI chatbot-prompted programming assistance surges, **Cursor has become a core participant in the tech industry's "vibe coding" wave.** Elon Musk previously stated publicly that his xAI was lagging behind competitors in the field of software programming tools and had begun recruiting engineers from Cursor. This acquisition of Cursor is seen as a key move to address this shortfall. Upon completion of the transaction, SpaceX is expected to achieve stronger technical synergies in key areas such as software engineering automation, spacecraft control system development, and AI application implementation, further reinforcing its competitive moat as a comprehensive "AI + Aerospace" technology platform. ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) ## Related News & Research - [SpaceX to buy Cursor AI coding agent operator Anysphere for $60 billion](https://longbridge.com/en/news/289903807.md) - [SpaceX makes first acquisition post-IPO with coding leader Cursor](https://longbridge.com/en/news/289933547.md) - [Why Did SpaceX Buy Cursor? The Merger Filing Offers Clues](https://longbridge.com/en/news/289957887.md) - [BUZZ-SpaceX surges after blockbuster IPO debut](https://longbridge.com/en/news/289819282.md) - [Options on SpaceX shares start trading](https://longbridge.com/en/news/289928188.md)