SpaceX has agreed to acquire Anysphere, the company behind the coding platform Cursor, in a deal valued at $60 billion, marking one of the largest transactions involving a software company this year.
The announcement took place Tuesday as SpaceX continues to expand beyond its traditional aerospace business. The company said the acquisition is expected to close during the third quarter of 2026, subject to customary conditions, Reuters noted.
Anysphere operates Cursor, a coding platform that has gained widespread adoption among software developers. The product is designed to assist with software development tasks and has emerged as one of the most prominent developer-focused tools in the technology sector.
The acquisition follows a period of rapid growth for Anysphere. Earlier this year, the company reached a valuation of roughly $10 billion following a funding round led by investors including Thrive Capital, according to The Information. Cursor's popularity among developers has helped place the company among the most closely watched software startups in Silicon Valley.
SpaceX said the transaction will strengthen its position in enterprise software through xAI, the artificial intelligence company that merged with SpaceX in February. Reuters reported that the acquisition gives xAI a larger presence in the market for software development tools, an area where competitors such as OpenAI and Anthropic have already established products used by programmers.
The deal comes just days after SpaceX completed its highly anticipated Nasdaq debut. The public offering valued the company at more than $2 trillion, placing it among the world's most valuable publicly traded companies. Its stock has continued climbing since, briefly placing it on Tuesday as the U.S.'s fourth most valuable company by market capitalization.
Cursor has emerged as one of several software platforms attracting developers seeking tools that can automate portions of coding work. The company competes in a market that includes offerings from OpenAI, Anthropic, GitHub and Google. Earlier this year, OpenAI agreed to acquire coding startup Windsurf in a deal valued at approximately $3 billion, according to Bloomberg.
The acquisition also highlights the growing importance of software development platforms as technology companies seek to expand their enterprise offerings. Developer tools have become a major focus for large technology firms as businesses look for ways to streamline software creation and maintenance.
Anysphere's growth has attracted significant investor interest over the past two years. The startup was founded by MIT graduates Michael Truell, Arvid Lunnemark, Aman Sanger and Sualeh Asif. Cursor quickly gained traction among engineering teams by offering software designed to assist with writing, reviewing and editing code, according to Forbes.
The transaction adds another major software asset to Musk's portfolio of businesses, which already includes SpaceX, xAI, Tesla, Neuralink and social media platform X. Reuters reported that access to SpaceX's computing resources is expected to support Anysphere's development efforts following completion of the deal.
The demand for advanced coding tools has grown alongside increased government spending on cybersecurity and digital infrastructure projects following conflicts in Ukraine and the Middle East, according to industry analyses.
Neither SpaceX nor Anysphere disclosed additional financial details beyond the announced transaction value. Reuters reported that the companies expect the acquisition to be completed during the third quarter of 2026.
