SpaceX closes $60B acquisition of AI coding platform Cursor

Published Aug 18, 06:38 PM UTC

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SpaceX, led by Elon Musk, has closed its $60 billion acquisition of Anysphere, the company behind the AI coding platform Cursor. The deal, effective August 14, 2026, gives Cursor shareholders 389.29 million SpaceX shares. Cursor has over a million developers, including clients like Nvidia and Adobe. SpaceX plans to combine Cursor's AI coding tools with its Colossus AI supercomputer to build advanced AI models. Despite the strategic move, SPCX stock slipped slightly. The article analyzes SpaceX's stock performance since its June IPO, noting volatility from valuation concerns and lockup expirations, and advises investors on how to approach the stock post-acquisition.

Source

Yahoo FinanceWestern

Original headline: How to Play SpaceX Stock After the Elon Musk-Led Company Just Closed Its Cursor Acquisition

Original language: EN-US

Part of this Story

SpaceX Closes $60 Billion Acquisition of AI Coding Startup Cursor

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SpaceX Elon Musk