Cursor · SpaceX · Google · Crunchbase News
Cursor Deal Puts US On Track For Record Startup M&A Year
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When someone spends $60 billion to buy a startup, M&A spending suddenly starts looking pretty robust.
Key facts
- To illustrate, they used Crunchbase data to put together a list of the 10 largest disclosed-price U.S. startup acquisitions this year. 1 The bottom nine range from $2 billion to $7 billion
- Further down the list is Salesforce ’s 2 acquisition this month of Fin, a provider of AI-enabled customer experience tools, and Autodesk ’s purchase of MaintainX, an industrial AI platform, each
- For 2026, however, about half of total M&A spending on U.S. startups comes from a single deal: SpaceX ’s $60 billion acquisition of AI coding tool Cursor and its parent company Anysphere — This is due in large part to Eli Lilly, which announced in April that it was acquiring Kelonia Therapeutics, a developer of gene therapies with a particular focus on cancer treatment, in a deal
Summary
Those were the unsurprising findings of a Crunchbase analysis of U.S. startup acquisition outlays in 2026. For 2026, however, about half of total M&A spending on U.S. startups comes from a single deal: SpaceX ’s $60 billion acquisition of AI coding tool Cursor and its parent company Anysphere. The Cursor purchase represents the largest startup acquisition of all time, nearly double the size of the prior frontrunner, Google ’s purchase of Wiz for $32 billion. While other 2026 startup purchases weren’t setting records, many of them were still on the historically large size.