Processing timeline
27
days
Filed
30 June 2026
Acquirer(s)
Space Exploration Technologies Corp. NASDAQ - SPCX
Target(s) or Vendor(s)
Anysphere, Inc. Delaware File Number - 6524309
Other parties
STARLINK AUSTRALIA PTY LTD ABN - 68 636 841 533, STARLINK INTERNET SERVICES PTE. LTD. ABN - 44 658 489 582, X Global LLC Delaware File Number - 6028653, X.AI Corp. Nevada Entity Number - E28915122023-8, X Internet Unlimited Company Ireland Registered Number - 503351, X ASIA PACIFIC INTERNET PTE. LTD. ABN - 97 712 692 946
Space Exploration Technologies Corp. (SpaceX), through a subsidiary, acquired 100% of the shares in Anysphere, Inc. This deal unites SpaceX's AI company, xAI, with Anysphere, operator of the Cursor AI coding tool. The transaction strengthens their position in the artificial intelligence coding market.
Space Exploration Technologies Corp. ( SpaceX ), through its subsidiary, proposes to acquire 100% of the shares in Anysphere, Inc. ( Anysphere ). SpaceX is the ultimate parent company of the SpaceX group, which includes X.AI Corp ( xAI ), an artificial intelligence ( AI ) company, and X Corp., which owns and operates the X social media platform (formerly Twitter). xAI develops the Grok family of large language models and offers Grok Build, a terminal-native AI coding tool, to Grok and X subscribers. Grok Build currently runs on xAI’s Grok model family. Anysphere develops and operates Cursor, an AI coding tool used by software developers to write and review code with the assistance of AI models. Cursor users can select from a range of third-party large language models (including Grok models) or Anysphere’s proprietary Composer model to power the platform’s AI assistant features. Composer is purpose-built for Cursor and is not offered as a standalone general-purpose model for other purposes.