SpaceX signed a merger agreement on June 16 to acquire Anysphere, the company behind Cursor, in an all-stock deal valuing it at $60B. Expected to close Q3 2026, pending regulatory approval. This wasn’t out of nowhere. SpaceX secured an option back in April to either buy Cursor for $60B or pay $10B for a partnership, and just exercised the buy option. The timing is the wild part though, they only went public on June 12 at a $2T+ valuation, and dropped this four days later. Main takeaway: SpaceX merged with xAI (Grok) in February, so this hands them a real position in AI coding, one of the few areas pulling actual enterprise revenue. Cursor reportedly hit ~$4B annualized. Also, Microsoft looked and passed, and OpenAI got turned down twice before thism Curious what people think, does Cursor stay good under xAI, or does it go the way these usually do? submitted by /u/ocean_protocol
Originally posted by u/ocean_protocol on r/ArtificialInteligence