SpaceX announced on June 16 that it will acquire Annie Sphere for approximately $60 billion, equivalent to 9.6 trillion yen, through newly issued shares. The transaction is expected to close in the third quarter of 2026 and comes just days after SpaceX completed its highly anticipated IPO on June 12.
Investors see the acquisition as a major step in strengthening SpaceX’s artificial intelligence capabilities. By integrating Cursor’s rapidly expanding system into its large‑scale computing infrastructure, SpaceX aims to accelerate innovation across its core businesses, including Starship, Starlink, and xAI.
Back in April, SpaceX had signaled its intent either to acquire Cursor outright for $60 billion or to pursue a partnership valued at around $10 billion. The deal, long anticipated and publicly endorsed by Elon Musk, reflects the company’s confidence in Cursor’s technology and its potential to enhance SpaceX’s operations. SpaceX currently reports $2.6 billion in annualized business‑to‑business revenue, with sales continuing to grow.
The market responded enthusiastically. SpaceX’s stock surged 19 percent on its IPO debut, followed by another 20 percent gain on June 15 and more than 10 percent on June 16 during U.S. trading. At its peak, SpaceX’s market capitalization briefly topped $3 trillion, surpassing Amazon’s valuation.
Cursor’s own shares also rallied. According to FX Leaders, the newly listed AI company rose 4.8 percent on June 16 to nearly $201.80, marking a 56 percent increase from its $135 IPO price. Cursor’s public offering had already set records, raising $75 billion.
Founded in 2023 by four MIT graduates, Cursor began as an encrypted messaging platform before pivoting to AI‑powered coding tools. It has since become one of the fastest‑growing companies in the sector, popularizing “vibe coding” and generating billions in annual revenue. Cursor’s system allows developers to switch seamlessly between AI models from providers such as OpenAI, Anthropic, xAI, and Google. It competes directly with Anthropic’s Claude Code and OpenAI’s Codex.
Cursor’s growth trajectory has been remarkable. In May 2026, it reported annualized earnings exceeding $4 billion, up from $3 billion in April and $2 billion in February. This rapid adoption underscores the intense demand for AI coding tools amid competition from leading firms.
SpaceX had already been working closely with Cursor prior to the acquisition, particularly on coding and AI initiatives. The company previously declined a takeover bid from another major AI firm in 2025, after a funding round in late 2024 valued it at $29.3 billion.
Beyond Cursor, SpaceX has also forged cloud computing partnerships with Anthropic and Google, providing the computational resources needed to support their AI development. These collaborations highlight SpaceX’s broader strategy of embedding itself deeply in the AI ecosystem.
The acquisition signals SpaceX’s commitment to AI as a cornerstone of its future growth. By combining its aerospace and satellite infrastructure with Cursor’s advanced coding tools, SpaceX aims to improve efficiency, reinforce its competitive edge, and set clearer standards for regulatory approval. The deal represents not only a financial milestone but also a strategic alignment of technology that could reshape the company’s trajectory in the years ahead.
