SpaceX Buys AI Startup Cursor for $60 Billion
SpaceX acquired Anysphere, the company behind the AI coding tool Cursor, in an all-stock deal valued at $60 billion. The transaction closed after an earlier partnership announcement in April.
The four co-founders, Michael Truell, Sualeh Asif, Aman Sanger, and Arvid Lunnemark, each became billionaires from the deal. They met at MIT and started the company in 2022.
Sualeh Asif, born in Karachi, Pakistan, co-founded the company.
He attended Nixor College there before studying at MIT and represented Pakistan in the International Math Olympiad.
Forbes lists his current net worth at about $1.3 billion, but his actual net worth is way higher than that, which makes the other 3 core team members multibillionaires now.
Cursor built an AI-powered code editor that helps developers write, edit, and refactor code using natural language.
It grew quickly and reached more than $3 billion in annualized revenue with millions of users.
SpaceX first announced the partnership in April.
"The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models," SpaceX said in a post on X.
Cursor CEO Michael Truell said in a statement:
"We are excited to share that SpaceX has exercised their option to acquire Cursor in an all-stock transaction with the goal of building the world's most useful AI models."
The deal gives SpaceX stronger capabilities in AI coding tools as it expands its xAI efforts.
SpaceX paid with stock following its recent IPO and high valuation.
Critics question the high price for a young startup in a competitive field like artificial intelligence, but the supporters of the deal point to Cursor's rapid user growth and revenue as signs of its value.
The acquisition is set to close in the third quarter of 2026, subject to approvals.
Cursor will operate as a wholly owned SpaceX subsidiary.
