SpaceX to acquire Cursor for $60B — the largest VC-backed startup deal ever

SpaceX filed its $60 billion all-stock acquisition of Cursor (Anysphere) with the SEC on June 16. Cursor generates roughly $4 billion in annualized revenue, with $2.6 billion from enterprise accounts — making the deal the largest VC-backed startup acquisition in history. The acqu

Follow-on coverage from Yahoo Finance and The Motley Fool framed the deal as SpaceX's bid to own the AI coding stack alongside its Grok models. SpaceX later filed plans for "Origin," a GitHub competitor built on Cursor's developer base (per June 23 coverage). The acquisition marks the first time a frontier-model company has paid a top-of-market multiple for an AI-native IDE.