SpaceX要花600亿美元收购Cursor？我算了笔账，感觉有点离谱

Honestly, when I saw this news this morning, I thought it was a joke.

SpaceX wants to acquire Cursor for $60 billion? That AI coding tool that just blew up last year?

Let me walk you through the timeline first. On April 22, multiple media outlets reported that SpaceX had reached an agreement giving it the right to acquire Anysphere, Cursor’s parent company, for $60 billion later this year. What’s $60 billion? That’s roughly Anthropic’s latest valuation, and Cursor is a two-year-old startup.

How did they come up with this valuation?

I looked into Anysphere’s funding history. Around this time last year, they just closed their Series B at roughly $400 million valuation. 150x in one year? That’s faster growth than crypto.

Sure, Cursor has proven itself with numbers. Their ARR (Annual Recurring Revenue) has reportedly surpassed $300 million, and the growth curve is still climbing. By SaaS valuation logic, 30-40x ARR is what top-tier companies command, which would put them at $10-12 billion. But $60 billion? That’s 200x ARR.

Unless—SpaceX isn’t buying Cursor for its current revenue, but for something else entirely.

What is Musk actually trying to do?

The interesting thing here is that SpaceX isn’t a software company. They build rockets, run satellites, make electric cars. Why acquire a code editor?

My personal guess: Musk is building his AI empire.

Look at his current portfolio: xAI for foundation models, Tesla for autonomous driving and robotics, Twitter/X for data and distribution. If he brings Cursor into the fold, he completes the puzzle with “developer tools.”

And don’t forget, Cursor runs on Claude’s models underneath. Everyone knows Musk’s relationship with Anthropic—it’s not exactly friendly. If he can influence the AI coding tool landscape through Cursor, or eventually swap out the underlying model for xAI’s Grok, this move becomes strategically significant.

What does this mean for developers?

As someone who uses Cursor daily, my first reaction was: will this software still work?

Developer tools acquired by big corporations have mixed histories. Some, like GitHub under Microsoft, actually got better. Others slowly got absorbed into corporate product lines and disappeared.

Cursor’s core strength lies in its deep integration of model capabilities and polished user experience. Once “small but beautiful” products get pulled into large corporate strategies, they tend to lose their edge. Imagine if Musk demands Cursor prioritize Grok support, or integrate the product into X’s ecosystem—would it still be the Cursor we know?

Will this deal actually happen?

I doubt it.

A $60 billion price tag, even for SpaceX, isn’t pocket change. And the Cursor team should know they’re in their best growth window right now—the explosive phase of AI coding tools, before market competition fully stabilizes, while user brand loyalty is still forming. Selling now means cashing out all future growth potential upfront.

Unless SpaceX’s offer includes some “hidden terms” we don’t know about—like letting Cursor operate independently, or giving the team more autonomy. Otherwise, from a business logic standpoint, selling now isn’t the optimal choice.

Of course, if this actually goes through, it would be the largest M&A deal in AI for 2026, bar none.

Let’s wait and see.