SpaceX owns Cursor. The Nasdaq-listed rocket and AI company bought Anysphere, the San Francisco developer of Cursor, in an all-stock deal valued at $60 billion that closed on August 14, 2026. Cursor is now a wholly owned subsidiary inside SpaceX’s SpaceXAI division, and Elon Musk controls SpaceX.
Cursor ownership at a glance
The table below lists who owns Cursor as of September 2026, based on SpaceX filings and company announcements.
| Detail | Information |
|---|---|
| Ownership type | Wholly owned subsidiary |
| Parent company | SpaceX (Space Exploration Technologies Corp.) |
| Largest shareholders | SpaceX, 100% |
| Latest valuation | $60 billion (SpaceX acquisition, August 2026) |
| Last funding round or acquisition | Acquired by SpaceX, closed August 14, 2026 |
| Founded | 2022 |
| Headquarters | San Francisco, California |
| CEO | Michael Truell |
Who owns Cursor today?
SpaceX owns 100% of Anysphere Inc., the legal entity that does business as Cursor. The deal became effective on August 14, 2026, according to a SpaceX regulatory filing.
At closing, all Anysphere common and preferred shares converted into 389,289,254 SpaceX Class A shares. Vested employee stock units also became SpaceX shares. Unvested units and options turned into SpaceX equity awards.
The founders, venture backers, and staff no longer hold Cursor stock. They hold SpaceX stock instead.
The sale started as an option. In April 2026, SpaceX secured the right to buy Cursor for $60 billion or pay $10 billion for joint work. It exercised that right on June 16, 2026.
Cursor kept its brand, blog, and legal entity. It also kept buying companies: it acquired Graphite in December 2025 and announced Firetiger on August 13, 2026, one day before the close.
The price reflects fast sales growth. Cursor passed $1 billion in annual recurring revenue in November 2025, as detailed in this breakdown of how Cursor makes money.
Who owns SpaceX, Cursor’s parent company?
SpaceX has been public since June 12, 2026, when its Class A shares began trading on Nasdaq under the ticker SPCX. The IPO sold 555.6 million shares at $135 each and valued the company at about $1.77 trillion, CNBC reported.
Elon Musk controls SpaceX through two share classes. Class A shares carry one vote each, and Class B shares carry ten.
Before the listing, Musk held 12.3% of Class A shares and 93.6% of Class B shares, according to the S-1 filing. That gave him 85.1% of voting power. CNBC put his voting power at over 82% after the offering.
Musk is SpaceX’s CEO, CTO, and board chairman. SpaceX qualifies as a controlled company under Nasdaq rules, so it does not need a majority-independent board. Final control over Cursor sits with Musk.
What else does SpaceX own besides Cursor?
SpaceX runs rocket launches and the Starlink satellite internet network. On February 2, 2026, it acquired xAI in a deal that valued SpaceX at $1 trillion and xAI at $250 billion, Reuters reported.
The xAI deal brought in the Grok chatbot and the social platform X, which xAI had absorbed in March 2025. Cursor’s closing announcement named Grok 4.6 as an early result of the two teams’ work.
In May 2026, SpaceX also agreed to buy Mesh Optical Technologies, a maker of optical transceivers for data centers, according to its quarterly 10-Q filing.
Who are the biggest investors in Cursor?
Before the sale, Cursor raised money from a short list of venture firms and tech companies. Each received SpaceX Class A stock at closing. Individual stake sizes were never made public.
- Thrive Capital co-led the $60 million Series A in August 2024 and led the $900 million Series C in June 2025.
- Andreessen Horowitz co-led the Series A and joined the Series C and Series D.
- Accel and Coatue co-led the $2.3 billion Series D in November 2025 at a $29.3 billion valuation.
- Nvidia and Google joined the Series D as new investors.
- The OpenAI Startup Fund led the 2023 seed round.
The Series D is covered in this AI funding roundup for November 9 to 15, 2025. The chart shows how Cursor’s price rose from round to round.
Cursor valuation by round ($ billions)
In spring 2026, Cursor was in talks to raise about $2 billion at a $50 billion valuation. That round never closed because SpaceX moved to buy the company.
Is Cursor publicly traded?
No. Cursor has no ticker because it is a subsidiary of SpaceX. Investors can get indirect exposure by buying SpaceX, which trades on Nasdaq as SPCX.
Cursor never filed for its own IPO before the sale. Its founders and early backers reached the public market through the SpaceX stock they received at closing.
For AI companies that remain private and still raise capital, see this list of the 50 best-funded AI startups.
FAQ
Who founded Cursor?
Michael Truell, Sualeh Asif, Arvid Lunnemark, and Aman Sanger founded Anysphere, the company behind Cursor, in 2022 while they were students at MIT. Truell is the CEO.
Does Elon Musk own Cursor?
Not personally. SpaceX owns Cursor, and Musk controls SpaceX with over 82% of the voting power after its June 2026 IPO.
Does OpenAI own Cursor?
No. The OpenAI Startup Fund led Cursor’s 2023 seed round, but ChatGPT maker OpenAI never held control. OpenAI plans to end its model contract with Cursor on November 12, 2026.
How much did SpaceX pay for Cursor?
SpaceX paid $60 billion in SpaceX Class A stock. The purchase was announced on June 16, 2026, and closed on August 14, 2026.
Is Cursor part of xAI?
Cursor is part of SpaceXAI, the AI unit SpaceX formed after merging with xAI in February 2026. Cursor and the former xAI now share one parent: SpaceX.
