SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation
TL;DR
SpaceX agreed to buy Anysphere, the company behind Cursor, for $60bn in stock. The deal is expected to close in Q3 2026 and is meant to strengthen xAI/Grok in coding models. Days after its Nasdaq debut, SpaceX briefly hit a $2.97tn valuation and closed near $2.66tn, just ahead of Amazon. Cursor gives Musk's group a trusted developer product, more than 1m users and high-value coding workflow data; SpaceX can add compute.
Nauti's Take
This is not really a space deal; it is a grab for the daily operating system of software work. Cursor matters because developers already trust it, not because xAI suddenly has the strongest coding models.
That makes the acquisition both smart and fragile: if Musk turns the product into a Grok funnel, developer trust can leave quickly. The story is heavy on PR and valuation momentum; the operating proof still has to arrive.
Briefingshow
The deal moves the fight from pure model benchmarks to the surfaces where developers actually write, review and ship code. Owning Cursor gives SpaceX/xAI distribution, enterprise relationships and workflow data that can improve coding systems. The valuation reaction also shows how much AI optionality can outrun current profits and losses.
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