SpaceX Exercises Option to Buy AI Coding Firm Cursor for $6B

In June 2026, SpaceX exercised its option to acquire Anysphere, the company behind AI coding startup Cursor, in a deal worth about $6 billion in its own stock, putting Cursor's four co-founders—all in their mid-20s—in line to each hold more than $1 billion in value. Structured as an all-stock acquisition, the deal is expected to close in the third quarter of 2026, after which Cursor would become a wholly owned subsidiary of SpaceX. According to reporting on the terms, the consideration is paid in SpaceX shares.