SpaceX has officially completed its acquisition of Cursor, an artificial intelligence coding platform developed by Anysphere. The deal was valued at $60 billion and involved an all-stock transaction that closed on August 14, 2026. This marks a significant step in SpaceX’s broader strategy to expand into advanced AI capabilities and large-scale computing infrastructure.
The process began in April 2026 when SpaceX and Cursor announced a partnership, according to crowdfundinsider.com. That agreement gave SpaceX an option to either purchase Cursor for $60 billion or pay $10 billion to formalize ongoing joint efforts. Following SpaceX’s initial public offering in mid-June, the company exercised the purchase option. The transaction was structured entirely in stock and was expected to finalize in the third quarter of 2026.
Regulatory approvals were processed on schedule, allowing the merger to take effect in mid-August. Cursor’s own announcement highlighted how the acquisition would enhance its development capabilities. Since its founding, Cursor has evolved from offering simple code completions to enabling more complex AI agents that can handle real-world tasks. Access to SpaceX’s extensive computing resources will allow Cursor to train more powerful models at lower operational costs. This combination is expected to deliver higher-performing tools to customers at reduced prices.
Cursor’s team emphasized that the integration would accelerate progress across related products and services. SpaceX’s acquisition aligns with its intensified focus on AI compute infrastructure. The company has already integrated xAI earlier in 2026 and is prioritizing large-scale terrestrial computing clusters such as Colossus. SpaceX is also pursuing longer-term plans for orbital data centers to overcome Earth-based limitations like power and cooling.
Cursor’s user base includes tens of thousands of organizations, including a majority of Fortune 500 companies. This provides valuable distribution and data that can refine models like Grok and specialized coding agents such as Grok Build. The partnership aims to close competitive gaps with other leading AI coding offerings.
For Cursor’s team, the acquisition expands opportunities while preserving core priorities such as helping creators focus less on routine coding and more on solving complex problems. The finalized deal underscores SpaceX’s transformation into a vertically integrated player.
SpaceX has been building the computing capacity needed to scale intelligence far beyond current limits, according to Cursor’s blog post. The company also rents out its computing infrastructure to customers such as Anthropic and Google, according to a report from TechCrunch.
Cursor is now operating as a wholly owned subsidiary of SpaceX under the name X67 Inc, theglobeandmail.com reported.