SpaceX signed a definitive all-stock merger agreement worth $60 billion to acquire Anysphere — the company behind the powerful AI platform for developers Cursor. The deal was announced just days after a record IPO.

The agreement underscores the growing investor interest in artificial intelligence infrastructure on the stock market after the IPO.

Deal details

The deal was announced on June 16, 2026. As a result, a SpaceX subsidiary was created — X67 Inc., which merged with Cursor. After the deal closes, Cursor will continue operating as before, as a subsidiary.

Cursor shareholders receive SpaceX Class A preferred shares worth $60 billion — the calculation is based on the price formed over the seven days preceding the deal's completion.

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The stock-based payment structure aligns shareholders' interests in the fast-growing AI segment and allows SpaceX to preserve liquidity for the company's core tasks.

Context and timeline of the deal

After the IPO, SpaceX shares started off strong — quotes repeatedly reached around $192.

The acquisition of Cursor is taking place amid high interest in AI tools that accelerate engineering processes. This is especially important for the development of Starship, Starlink, and the integration of xAI.

The Cursor platform is gaining popularity at a rapid pace: it is used by millions of developers and large corporate clients, which is leading to fast revenue growth in an increasingly competitive AI development market.

The $60 billion valuation factors in leadership in autonomous programming (Composer models) and confirmed demand for the product.

Implications for investors

For SPCX holders, the deal means a step by SpaceX toward applied AI — this could strengthen long-term positions and increase efficiency through new technological solutions.

The collaboration is structured strictly on standard terms and reduces uncertainty, in contrast to earlier negotiations with optional terms.

Source: BeInCrypto