SpaceX Buys Anysphere to Compete in Enterprise Market

SpaceX has bought Anysphere for US$60bn, bringing the Cursor AI coding tool under the aerospace company's control as it expands into enterprise software.

The transaction will close by the end of September 2026, with Anysphere shareholders receiving payment entirely in SpaceX stock rather than cash.

The acquisition comes days after SpaceX listed on Nasdaq at a valuation exceeding US$2tn.

That listing made the company the fifth most valuable business globally by market capitalisation, ahead of Amazon.

Enterprise software positioning

SpaceX had been considering the purchase for months before reaching a final agreement.

The company disclosed in April that it held an option to either acquire the San Francisco-based firm for US$60bn later this year or pay US$10bn for their partnership work

According to data shared with Reuters in early June, Cursor generates roughly US$2.6bn in annualised business-to-business revenue, with enterprise sales growing sharply across multiple sectors.

The platform counts Stripe, Adobe and NVIDIA among its corporate clients, with Jensen Huang, Chief Executive Officer of NVIDIA, saying Cursor is his favourite enterprise AI service.

Cursor sits alongside OpenAI and Anthropic as one of several firms attracting commercial interest for using AI to automate software development. The company was founded in 2022 and has scaled rapidly since launch.

This acquisition positions SpaceX to compete directly with established enterprise software providers and diversify revenue streams beyond its core aerospace operations.

Computing infrastructure access

The deal could give Cursor additional computing capacity for AI model development.

In an April statement, SpaceX outlined how its infrastructure would support the startup, saying that: "The combination of Cursor's leading product and distribution to expert software engineers with SpaceX's million H100 equivalent Colossus training supercomputer will allow us to build the world's most useful models."

The acquisition gives xAI a stronger position in the AI coding market, following a merger between SpaceX and xAI in February, in which the companies consolidated AI capabilities under one corporate structure.

Data centre implications

It remains unclear whether the deal will affect agreements SpaceX has to rent out its data centres.

The company has signed contracts with Anthropic and Google to lease cloud computing capacity worth roughly US$26bn annually on a combined basis.

Both arrangements include 90-day termination clauses, meaning that SpaceX can reclaim computing capacity quickly if its software operations require it.

The company's multi-trillion-dollar valuation rests on future expectations rather than current financial performance.

SpaceX has posted combined losses exceeding US$9bn across 2025 and 2026 due to infrastructure spending on data centres and computing equipment.

The xAI merger and Anysphere takeover represent bets on expanding beyond aerospace into digital services.

The strategy carries significant risk given SpaceX's current loss-making position and the competitive nature of the enterprise software market.