SpaceXAI closes $60 billion deal to acquire Cursor

SpaceXAI has completed its acquisition of Anysphere, the company behind AI coding editor Cursor, the service announced in a blog post.

The deal follows a partnership announced in April 2026, when Cursor teamed up with SpaceXAI to gain access to the company’s computing infrastructure and accelerate the development of its own AI models.

Cursor says the acquisition will give its team access to what it describes as the world’s largest fleet of GPUs, allowing it to train more capable models while reducing the cost of running them.

We can provide customers with more capable models at lower cost.

Cursor pointed to Grok 4.6 as an early example of what the partnership can deliver. The model launched on August 12 and is available in Cursor across all subscription tiers. The company said Cursor will serve as one of the platforms where SpaceXAI’s computing infrastructure is turned into products for users.

The acquisition is not expected to change Cursor’s core product strategy, with the team saying it will continue working toward helping developers spend less time writing code.

Plans for the acquisition first emerged on June 16, just days after SpaceXAI went public. The all-stock deal values Anysphere at $60 billion, making it the largest acquisition of a venture-backed startup on record. Under an option secured in April, SpaceXAI could either acquire the company for $60 billion or pay $10 billion for a partnership. Elon Musk’s company ultimately chose the acquisition.

Durov’s Code previously reported that SpaceXAI was preparing to acquire the developer behind Cursor for $60 billion.

The first joint product following the deal was Grok Bot, a team of AI agents that can divide up and coordinate tasks on their own. SpaceXAI followed it with the launch of Grok 4.6.