SpaceX (SPCX) Stock: $60 Billion Cursor Acquisition Closes, SpaceXAI Division Launched

TLDR

• SpaceX finalized its $60 billion all-stock acquisition of Anysphere, the developer of AI coding tool Cursor
• The deal issued approximately 391 million SpaceX Class A shares, making it the largest startup acquisition on record
• SpaceX stock rose 1.5% following the announcement, trading at $143.45
• Cursor will operate as a wholly owned subsidiary under the newly rebranded “SpaceXAI” division
• Morgan Stanley maintained a $300 price target, projecting Cursor could drive up to $13 billion in SpaceX revenue by 2027

SpaceX has closed its $60 billion acquisition of Anysphere, the company behind AI coding tool Cursor. The deal was confirmed via an SEC Form 8-K filing and is widely considered the largest startup acquisition on record.

Cursor is now part of @SpaceX.

Today, we have officially closed our acquisition. We will join the @SpaceXAI team to help make Grok the world's most useful AI and improve Grok Build, Grok Bot, Grok API, Cursor, and more.

SpaceX has built some of the most inspiring and…

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