SpaceX Bought a Coding App for 60 Billion Dollars Days After Going Public, Because Why Not
2026-06-16
“SpaceX cashed its IPO chips and spent 60 billion of them on a code editor, which is certainly one way to celebrate going public.”
Let me get this straight. SpaceX has a record breaking IPO, the confetti has not even hit the floor, and the very next move is to spend 60 billion dollars in fresh stock on Anysphere, the company behind the Cursor coding tool. Nothing says responsible new public market steward quite like an all stock megadeal announced before the underwriters have stopped smiling.
The logic is not insane, to be fair. Cursor's annualized revenue reportedly hit 4 billion dollars in early June, up from 2 billion in February, which is a genuinely absurd growth curve. And SpaceXAI, the artist formerly known as xAI before it folded into SpaceX in February, has apparently been jointly training a model with Cursor on the Colossus supercomputer for months. So this is less a wild impulse buy and more a quiet relationship that finally got a ring, paid for entirely in freshly printed shares.
Here is the cynical read. Sixty billion in stock is the number you reach for when you do not want to part with actual cash and you really, really want to keep pace with Anthropic and OpenAI in the AI coding race. It is empire building at warp speed, rockets, an AI lab and now a code editor all stacked under one founder. Either it is the most vertically integrated tech bet of the decade or a holding company held together by vibes and exchange ratios. Probably both.
- SpaceX agreed to acquire Anysphere, the parent company of AI coding tool Cursor, in an all stock deal valued at 60 billion dollars.
- The deal was announced days after SpaceX's record breaking stock market debut and is expected to close in the third quarter of 2026, pending regulatory approval.
- Each Cursor share will convert into SpaceX Class A stock based on a volume weighted average price over the seven trading days before closing.
- SpaceXAI, formerly xAI, which merged with SpaceX in February 2026, had reportedly been jointly training a model with Cursor on its Colossus supercomputer.
- Cursor's annualized revenue reportedly reached 4 billion dollars in early June, up from 2 billion in February and 3 billion in late April.
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Cursor's growth is the real headline, and pairing it with serious compute and a committed long term owner could genuinely accelerate the product rather than strangle it. If the Cursor team keeps its independence and the Colossus infrastructure behind it, this might be one of those rare acquisitions where the tool actually gets better instead of quietly worse.
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Anthropic and OpenAI, who now face one more deep pocketed rival in the AI coding race, except this one is bolted to a rocket company and an AI lab. And arguably SpaceX's brand new public shareholders, who bought into a rocket company and woke up part owners of a code editor before they had finished reading the prospectus.
Got something the world should see roasted? Drop it.
A full teardown from €2,99. No mercy.