Aerospace giant SpaceX closes billion-dollar acquisition of Cursor to expand its operations in AI
SpaceX, a company in the space and artificial intelligence segment, confirmed this Tuesday (16) the acquisition of Anysphere, the company behind the AI coding platform Cursor, in a deal valued at US$60 billion.
In an official statement, SpaceX detailed that the transaction will be carried out entirely through an exchange of shares and the purchase is expected to be completed during the third quarter of this year, after the necessary regulatory approvals.
This billion-dollar deal follows a purchase option that SpaceX had secured in April, which gave it the choice between investing approximately US$10 billion in a strategic partnership with Cursor or, alternatively, carrying out a complete acquisition of the company for US$60 billion, still in 2026.
SpaceX shares showed significant appreciation in the pre-market period, signaling the third consecutive day of gains since its recent and historic IPO.
Since its founding in 2022, Cursor has recorded significant growth in its operations, reaching annualized revenue of around US$2.6 billion, driven by an increase in sales to the corporate sector, as reported by the news agency Reuters. In April, the company was in negotiations to attract new investments, with a market valuation estimated at approximately US$50 billion.
Cursor is widely recognized as an advanced artificial intelligence-powered code editor designed to optimize and accelerate the software development process. Among its main features are a chatbot assistant, automatic code completion features and AI agents capable of carrying out programming tasks autonomously.
The public debut of Elon Musk’s rocket and artificial intelligence company has been considered a milestone in the global financial market.
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After the IPO, SpaceX shares jumped almost 20%, marking the largest IPO ever seen in history.
The rise of founder Elon Musk to the position of the world’s first trillionaire was another highlight related to the company’s performance.
SpaceX has demonstrated a trajectory of meteoric appreciation in the business and technological scenario.
The space company sees this acquisition as an essential strategic move to expand its presence and influence in the growing artificial intelligence market aimed at the corporate environment. This robust deal comes on the heels of SpaceX’s colossal IPO last week, which raised more than $80 billion and gave the company a valuation of more than $2 trillion.
Even though it is fully traded in shares, SpaceX shares rose again in the pre-market, further consolidating the gains accumulated since the IPO. Another element that promises to boost shares is the imminent trading of SpaceX stock options, also scheduled for this Tuesday, representing the first opportunity for investors to trade derivatives of the securities recently made available to the public.
