SpaceX (SPCX) Announces $60 Billion Acquisition of Anysphere

Space Exploration Technologies (SPCX) has announced it will acquire Anysphere, the developer of the AI code editor Cursor, for $60 billion in a deal entirely paid with its own stock. This acquisition follows SpaceX's recent IPO, which raised $86 billion. The deal is expected to close in the third quarter of 2026. The move taps into a significant market for artificial intelligence, which SpaceX claims represents a total addressable market of $26.5 trillion, primarily in enterprise applications.