SpaceX's moves continue. After theRecord-breaking IPO launched last Friday, Elon's space group Musk accelerates on artificial intelligence and closes the game opened in April with Anysphere, the company that has developed Cursor, the AI-assisted coding software that has become one of the most watched tools by developers in just a few years.operation worth 60 billion of dollars, will be settled entirely in stock and is expected to close in the third quarter of 2026. The structure calls for SpaceX to make the acquisition through X67, a wholly-owned subsidiary, which will merge with and incorporate Anysphere.
The news, which emerged from the filing with the SEC, transforms into acquisition agreement announced in April, when SpaceX signed a partnership with Cursor accompanied by a purchase option. What then seemed like an open door to AI applied to programming is now becoming a much larger operation, destined to strengthen the group's technological profile beyond the rocket, satellite, and space mission businesses.
Why Cursor is worth so much
Cursor was founded in 2022 by four MIT graduates and quickly established itself in the market AI-based programming tools. Its software help developers to write, debug, and optimize code faster, even enabling the transition between different AI models, from OpenAI to Anthropic, from xAI to Google. The growth has been overwhelming. Cursor has become one of the symbols of the new era of "vibe coding," the approach in which programmers use prompts and intelligent agents to accelerate software production. Demand from businesses has grown strongly, and the business has reached approximately $2,6 billion in annual B2B revenue.
For SpaceX, the acquisition isn't just a financial bet on a booming startup. It's a industrial pieceMusk wants to strengthen the group's capacity in AI-assisted programming, an area in which XAI, the chatbot company Grok with which SpaceX merged in February, has fallen behind rivals like OpenAI and Anthropic. It's no coincidence that Musk had already started recruiting engineers from Cursor.
The deal may give xAI a stronger position in the AI coding market and give Cursor more computing power to develop new models.
After the record-breaking IPO, SpaceX is still racing
The acquisition comes just days after SpaceX's record debut on Wall StreetThe group completed the largest initial public offering in history, reaching a valuation exceeding $2.000 billion and closing the first session with a market capitalization of $2,1 trillion. The IPO cemented SpaceX as one of the most valuable publicly traded companies in the United States and further boosted the wealth of Elon Musk, who became the first trillionaire in history after the IPO of the group he founded in 2002.
The stock continued to rally after its debut. In premarket trading, SpaceX shares continued to rise, with gains between 6% and 10% expected, poised for a further surge following the gains already accumulated since its Nasdaq listing. The boost came from the announcement of the Anysphere acquisition, which investors interpreted as a sign of aggressive diversification into corporate artificial intelligence.
Overtaking Amazon becomes possible
If the movement of the stocks were to be confirmed in ordinary trading, SpaceX could surpass Amazon in market capitalization and become the fifth most valuable company on Wall Street. Estimates indicate a possible market capitalization of up to $2.800 trillion, a level that would put Musk's group ahead of the giant founded by Jeff Bezos. And so SpaceX would no longer be seen as just an aerospace company, but as a technology conglomerate capable of combining space infrastructure, satellites, artificial intelligence, software and computing capacity.
This is the message Musk wants to send to the market. SpaceX wants to be more than just a rocket manufacturer. With the acquisition of Cursor, the group is shifting its focus toward enterprise AI and opening a direct competitive front with the main players in the new technological race, from OpenAI to Anthropic, and even Google.
Gina Rinehart's Billion-Dollar Bet
In the new phase of SpaceX Gina Rinehart also enters, Australia's richest woman. The mining magnate has purchased a stake exceeding $1 billion in Musk's group through Hancock Prospecting, one of the world's largest iron ore exporters. For Rinehart, this is his largest investment outside the mining sector. The move reflects his holding company's confidence in Musk and in the long-term potential of SpaceX, considered a rare company led by a technically exceptional figure and active in crucial sectors.
The Australian tycoon, who has been involved in her country's economic debate for years, built her fortune in iron ore from the Pilbara region, which accounts for about half of the world's exports of the metal. Hancock has already invested in technology, media, and critical minerals, including rare earths. She now looks to SpaceX as a potential industrial, not just financial, partner.
