SpaceX’s $60B Anysphere Acquisition Sparks Valuation Surge, Briefly Topping Amazon

SpaceX (NASDAQ: SPCX) catapulted into the upper echelons of U.S. corporate valuations following its $60 billion all-stock acquisition of Anysphere, creator of the AI-powered code editor Cursor. The deal marks the largest-ever buyout of a developer tools company and SpaceX's first major move since its historic Nasdaq debut.

The rocket maker's shares surged 14% to $219 post-announcement, briefly elevating its market cap past $2.9 trillion—enough to overtake Amazon and approach Microsoft's $2.95 trillion valuation. The transaction converts an April option that gave SpaceX the choice between a $10 billion partnership or full acquisition at the current premium price.

Cursor's technology allows developers to switch between AI models seamlessly, positioning SpaceX at the intersection of aerospace and artificial intelligence. Market observers note the deal reflects growing convergence between deep-tech sectors, though no direct cryptocurrency implications were immediately apparent.