SpaceX is buying Cursor (Anysphere) for $60 billion. The largest acquisition of a venture-backed startup in history.
An all-stock deal, with Cursor at ~$2.6B annualized revenue. The option was quietly baked in back in April. The leader in AI coding moves under the xAI/SpaceX umbrella; closing expected in Q3, pending regulators.
In parallel, Anthropic raised $65B at a $965B valuation — the largest private round ever, overtaking OpenAI.
The verdict for team leads: your IDE assistant is now an asset in someone else's strategic game. Keep vendor risk and multi-vendor options in mind — a tool can be bought, repositioned, or shut down.