SpaceX locks in $60b deal deal to buy AI start-up with Pakistani co-founder

SpaceX has agreed to acquire Anysphere, the startup behind the AI coding agent Cursor, for $60 billion in an all-stock deal. This acquisition aims to bolster SpaceX's presence in the enterprise AI tools market and enhance its AI models like Grok, utilizing Cursor's access to developers' data. Anysphere was co-founded by Pakistan-born Sualeh Asif. The deal follows SpaceX's recent blockbuster Nasdaq debut, which saw its valuation surge to over $2 trillion, and is expected to close in Q3 2026. This move is crucial for SpaceX to capitalize on the lucrative AI for businesses market, a significant part of its projected $28.5 trillion addressable market pitched to IPO investors.