Search results for Anysphere
Industry
U.S. venture investment hits record $515.8 billion amid liquidity strain from weak IPOs
U.S. venture investment totalled a record $515.8 billion through September, lifted by mega fundraising by AI companies, but exit markets have not kept pace. Third-quarter investment fell from the prior quarter even as deal count neared a post-2022 high. Exit proceeds were dominated by a single acquisition. IPO activity remained muted, with most listings in healthcare. The backlog of unicorns grew, and fundraising concentrated in large funds.
AI & Enterprise
Morgan Stanley keeps SpaceX target at $300, says $600 possible if Cursor deal delivers
Morgan Stanley kept its official price target on SpaceX at $300 but outlined a most-optimistic scenario in which shares could be valued at $600. The bank said the bull case assumes stronger execution across AI, Starship, orbital computing and other new businesses and is not an official target. SpaceX was trading around $139. The analysis centers on SpaceX’s acquisition of Anysphere, which operates AI coding platform Cursor, expected to close in the third quarter of 2026.
AI & Enterprise
SpaceX confirms Cursor acquisition in $60 billion deal four days after IPO
SpaceX said it will acquire AI coding startup Cursor in a $60 billion deal. It filed an 8-K with the U.S. Securities and Exchange Commission and signed a merger agreement with Cursor parent Anysphere. The transaction will be an all-share exchange, with Cursor shares converting into SpaceX Class A common stock. SpaceX expects to close the deal in the third quarter, subject to conditions including regulatory approvals.
