SpaceX sealed an all‑stock purchase of Cursor, the AI‑coding platform behind Anysphere, for $60 billion. The deal, announced after SpaceX’s record IPO, ranks among the largest venture‑backed acquisitions this year and the biggest in 2026. Shares of the Hawthorne‑based firm rose roughly 16% on the news.

Cursor’s investors, including Andreessen Horowitz, Thrive Capital, Accel and Coatue, had pumped $3.4 billion into Anysphere since its 2020 launch, valuing the company at about $30 billion last November. The startup reported crossing $1 billion in annualized revenue last year, signalling strong demand for AI‑assisted development tools.

The acquisition gives SpaceX a foothold in enterprise software, a sector where AI coding is displacing traditional engineers and where large firms are cutting headcount. Venture‑backed M&A has accelerated, with over 1,100 deals worth $182 billion announced through mid‑June, up sharply from a year earlier. SpaceX now controls a critical piece of the AI development stack.

Investors welcomed the move, seeing it as a validation of AI‑driven productivity gains. With SpaceX’s $75 billion IPO proceeds now partly allocated to software, the deal could pressure rival cloud providers to accelerate their own AI coding offerings. The transaction cements SpaceX’s expansion beyond aerospace into core technology infrastructure.