TradingKey – Latest reports show that SpaceX will acquire Anysphere, the developer of the AI programming tool Cursor, for $60 billion, with the merger expected to close in the third quarter of 2026. Previously, SpaceX planned to move forward with the acquisition of Cursor within 30 days of its IPO. Under their agreement, SpaceX has the right to acquire the latter for $60 billion, or pay $10 billion under partnership terms.

According to Forbes, the AI startup Cursor, which Elon Musk’s SpaceX plans to acquire, has seen its latest annualized recurring revenue (ARR) surpass the $4 billion mark. Will this acquisition drive up SpaceX’s stock price? What makes Cursor unique compared to its competitors? Will SpaceX move one step closer to its…