SpaceX has signed a definitive merger agreement with Anysphere, the developer of AI programming tool Cursor, to acquire the company in an all-stock transaction, valuing Cursor at an implied $60 billion. Cursor shareholders will exchange their shares for SpaceX Class A common stock at an agreed ratio. The deal is expected to close in Q3 2026. Gotta say, the three moves by Elon Musk before and after the IPO have completely shifted the market's expectations for SpaceX's AI business: 1) The compute power leasing partnerships with Anthropic and Google, bringing in nearly $25 billion in cash flow annually—this AI segment could totally turn profitable in the future; 2) The earlier collaboration with Cursor leading to this full acquisition could also significantly reshape market perceptions of SpaceX's AI business.