SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation
TL;DR
SpaceX has agreed to buy Anysphere, the company behind AI coding tool Cursor, for $60 billion shortly after its Nasdaq debut. Anysphere investors are set to be paid in SpaceX stock, with closing expected in the third quarter of 2026. SpaceX shares jumped after the IPO. The Guardian reports that valuation briefly reached $2.97 trillion and closed around $2.66 trillion, just ahead of Amazon.
Nauti's Take
This is not a standard software acquisition. It is a move to own the developer interface where code is planned, written and fixed.
Whoever controls that workflow sits closer to daily work than a pure model API provider. Still, the valuation carries a lot of AI optimism: SpaceX is being priced for future control and infrastructure, not current profitability.
Cursor is strategically valuable, but $60 billion is still a very expensive bet.
Briefingshow
AI coding is one of the few generative AI markets where real enterprise spending is already visible. By buying Cursor, xAI gets more than an app: it gets developer workflows, enterprise customers and potentially valuable usage signals. The deal also shows how fast infrastructure, models and applications are being pulled into one stack.
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