Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the ​software firm behind the popular AI coding ‌agent Cursor, for $60 billion, in a bid to ramp up its foothold in the enterprise ​AI market.

The announcement comes just days ​after Musk took his rockets-to-AI company public ⁠in a blockbuster Nasdaq debut that ​valued the firm at more than $2 trillion and ​immediately made it one of the world's most valuable companies.

SpaceX said it expects the merger to ​close during the third quarter of 2026.

Along ​with OpenAI and Anthropic, Cursor is one of several ‌Silicon ⁠Valley startups that have drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies ​have found early ​commercial ⁠traction.

The deal could give xAI, the Grok chatbot maker that SpaceX ​merged with in February, a stronger ​foothold ⁠in the AI coding market where it has so far lagged rivals. It also ⁠provides ​Cursor with more computing ​capacity to develop AI models.

-Reuters