SpaceX to acquire AI coding platform Cursor for $60 billion, making founder Aman Sanger a billionaire

SpaceX has completed a $60 billion purchase of Anysphere, the company that created the AI-powered coding environment Cursor, turning the startup into a fully owned subsidiary. The acquisition follows a April 2026 collaboration that gave SpaceX the option to buy or partner; it chose the purchase, issuing SpaceX Class A stock to Anysphere shareholders. Co-founder and chief operating officer Aman Sanger, a 25-year-old MIT alumnus, along with Michael Truell, Sualeh Asif and Arvid Lunnemark, each own about 4.5% of the firm, a stake now valued at roughly $2.7 billion.

Cursor distinguishes itself by handling extensive codebases, fixing bugs, and executing complex tasks from natural-language prompts, a capability that has driven its adoption by firms such as Nvidia, Adobe, Uber, Shopify, PayPal and 64 % of Fortune 500 companies. The deal bolsters Elon Musk’s AI ambitions, linking Cursor’s technology with the upcoming Grok chatbot from his xAI unit. Major backers Andreessen Horowitz and Thrive Capital also stand to gain from the transaction, underscoring the rapid commercialization of AI tools in software development.