SpaceX’s $60 billion acquisition of Anysphere, the maker of AI coding tool Cursor, reportedly moved from signed agreement to completed transaction in August. A Reuters report published Aug. 29 said SpaceX had completed the all-stock purchase earlier in the month, providing a later status update to the June announcement that described the transaction as subject to regulatory approvals.
The reported closing puts a developer-facing software product inside SpaceX, broadening the company’s technology holdings beyond its launch, satellite and communications businesses. It also changes the ownership backdrop for Cursor’s relationships with outside AI-model suppliers: Reuters reported that OpenAI planned to stop supplying models to Cursor following the acquisition, citing a change-of-control provision.
Agreement in June, reported completion in August
CNBC reported on June 16 that SpaceX had entered a formal agreement to acquire Anysphere for $60 billion in SpaceX stock. The network said the proposed merger was expected to close in the third quarter and required regulatory approvals. That framing is important: the June event was an agreement, not confirmation that the transaction had already closed.
Reuters’ Aug. 29 report, published before a Sept. 1 profile of Anysphere co-founder Aman Sanger, said the acquisition had completed earlier in August. Reuters did not give an exact closing date. That leaves the precise day unconfirmed in the reporting, but reconciles the two accounts as a June signing followed by an August closing within the previously reported third-quarter window.
The consideration also bears emphasis. CNBC characterized the deal as $60 billion of SpaceX stock, and Reuters described it as all-stock. The figure should not be read as a $60 billion cash payment to Anysphere shareholders. Nor do the reports establish the value ultimately received by any individual founder, because that would depend on ownership stakes, deal terms and the value assigned to SpaceX shares.
CNBC had previously reported in April that SpaceX obtained the right to acquire Cursor for $60 billion later in 2026, based on disclosures connected to SpaceX’s IPO filings. The June agreement turned that reported right into a formal transaction, while the August Reuters account indicates the deal subsequently closed.
A large valuation against Cursor’s reported revenue
Anysphere, founded in 2022, develops Cursor, a software tool that uses artificial intelligence to help programmers generate, edit and review code. The product sits in the workflow where developers write software, rather than being a general-purpose chatbot used outside a coding environment.
CNBC reported that Cursor said in November it had surpassed $1 billion in annualized revenue. Set against the reported $60 billion stock consideration, the transaction represents about 60 times that annualized-revenue figure. The calculation is a rough valuation yardstick, not a disclosed deal multiple: annualized revenue is a run-rate measure rather than necessarily a company’s audited revenue for a completed fiscal year, and neither the reports cited a detailed merger agreement nor established the valuation methodology for SpaceX stock.
Still, the reported price shows why developer software has become strategically relevant to larger technology groups. Cursor supplies an application layer used by programmers, while the underlying AI models can come from specialist providers. That division can make a coding product valuable, but it can also make the product sensitive to supplier contracts and changes in control.
In this case, Reuters reported that OpenAI intended to end its model-supply arrangement with Cursor after the SpaceX purchase. The report linked the planned change to a contractual provision triggered by the acquisition. It did not establish what models Cursor will use afterward, whether other providers will fill any gap, or whether the product’s features, pricing or data practices will change.
What is established and what remains unclear
The core transaction has stronger support than many of the surrounding claims. CNBC reported a $60 billion agreement paid in SpaceX shares and conditioned on approvals; Reuters later reported completion earlier in August. Together, those accounts support describing SpaceX as the reported new owner of Anysphere, while avoiding an unsupported exact closing date.
Other assertions warrant narrower treatment. A September profile said that Sanger and Anysphere’s other co-founders held stakes that could be worth billions, but those estimates were attributed to outside reporting and depend on assumptions about cap-table ownership and the value of the stock consideration. They do not demonstrate that any founder has received a particular amount of cash or attained a specified net worth.
Likewise, there is no confirmed basis in the reports for saying Cursor will be integrated into any particular SpaceX or Elon Musk AI product, or that its software roadmap will be altered. CNBC’s analysis said the purchase could aid SpaceX’s efforts to compete with AI rivals including OpenAI and Anthropic, but that is strategic interpretation, not an announced product plan.
The immediate facts are more concrete. Anysphere’s ownership has reportedly changed through a $60 billion all-stock transaction, and Reuters said OpenAI’s model supply to Cursor is due to end because of that change in control. The response by Cursor and its customers will depend on details that the reported deal announcement and closing account did not disclose.