SpaceX said it will acquire AI coding startup Anysphere, the maker of Cursor, in an all-stock deal valuing the company’s equity at $60 billion, with closing expected in the third quarter of 2026. The companies said they plan to train AI models for Cursor and Grok Build, and Cursor CEO Michael Truell said the transaction is aimed at building "the world's most useful AI models." The agreement follows SpaceX’s market debut and comes as investors assess the company at roughly $2.5 trillion to $2.8 trillion, a valuation CNBC said Jim Cramer framed as a bet on Elon Musk’s long-term growth plans in AI, Starlink, reusable rockets and data centers, including a 2030 target of $1 trillion in annual revenue.