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FollowingSpaceX completes acquisition of Anysphere, Cursor becomes its AI subsidiary
On Thursday, SpaceX finally completed its acquisition of Anysphere, a company that develops the AI programming tool Cursor. The transaction was an all-stock approach and was valued at US$60 billion. Both companies claim this is the highest-ever acquisition for a startup and marks SpaceX's continued efforts in AI software and the industry as a whole.
Cursor becomes a subsidiary of SpaceXAI
According to Form 8-K filed with the U.S. Securities and Exchange Commission, the transaction involves SpaceX issuing approximately 391 million shares of Class A common stock to complete delivery. Cursor's outstanding shares were converted into 389.3 million shares of SpaceX stock, as well as additional restricted stock units and options assumed by the buyer. The programming tools company will operate as a wholly-owned subsidiary under a fully renamed division, SpaceXAI. In a blog post posted on August 14, the company said the deal brought an end to a process that began in April this year-when the startup initially announced a partnership with SpaceXAI to accelerate model training.
SpaceX shares, which are listed on Nasdaq under the symbol SPCX, rose 1.5% to $143.45 per share after the announcement. Cursor announced on the X platform that the team will join SpaceXAI and work on the development of Grok and related products, including Grok Build, Grok Bot and Grok API.
Cursor is now part of @SpaceX. Today, we officially completed the acquisition. We will join the @SpaceXAI team to help Grok become the most useful artificial intelligence in the world and improve products such as Grok Build, Grok Bot, Grok API, and Cursor. SpaceX has built some of the most inspiring, most...
--Cursor (@cursor_ai) August 14, 2026
Cursor gets SpaceX's computing resources
Cursor said the merger gives it access to "the world's largest GPU cluster." The company says the computing power will help train more powerful models while reducing operating costs. Access rights include xAI's Colossus supercomputer. Cursor also mentioned the release of Grok 4.6 a day before the merger was completed, which was seen as an early preview of the potential for joint engineering efforts between the two parties. In addition, the merger has pushed a product called Grok Bot into testing.
For existing customers, the company is committed to maintaining continuity and injecting greater impetus into its processes. The startup said its goal has never changed since its inception, which is to help software engineers spend less time on code and devote more energy to solving more difficult problems.
Wall Street is betting on the profit potential of programming tools
Analysts are increasingly bullish on Cursor, believing it is one of the reasons to hold SpaceX shares, and the focus should not be limited to the space business. Morgan Stanley maintains a base price target of $300 for SpaceX shares and expects the acquisition to add up to $13 billion in revenue to SpaceX by 2027. In a column on 24/7 WallSt, author Joey Frenette pointed to Morgan Stanley's potential price target of $600, which depends on Cursor's annual recurring income growing from approximately $8 billion at the end of the year to approximately $33 billion in 2030.
