SpaceX completes acquisition of Cursor (Anysphere) at $60.0 billion implied equity value
Space Exploration Technologies Corp. (SPCX) completed its previously announced merger with Anysphere, Inc. (Cursor) on August 14, 2026, with Merger Sub X67 Inc. merging into Cursor, which survived as a wholly owned subsidiary. The implied equity value of Cursor was $60.0 billion, with outstanding Cursor common and preferred stock converted into an aggregate of 389,289,254 shares of SPCX Class A common stock at a price per share equal to the volume-weighted average closing price over the seven trading days preced...
Key takeaways
Closing completed on August 14, 2026, with X67 Inc. (wholly owned SPCX subsidiary) merging into Cursor and Cursor surviving as a wholly owned subsidiary of SPCX.
Implied equity value of Cursor was $60.0 billion, paid in SPCX Class A common stock based on a seven-trading-day VWAP preceding closing.
Share consideration: 389,289,254 SPCX Class A shares issued for outstanding Cursor common and preferred stock, plus 1,752,426 shares for vested Cursor RSUs.
Assumed equity awards: approximately 29,128,326 SPCX RSUs and 44,365,047 SPCX stock options in exchange for unvested Cursor RSUs and stock options.
Merger Agreement was originally signed on June 16, 2026 and was filed as Exhibit 10.1 to SPCX's June 16, 2026 Form 8-K.
Share issuance relied on the Section 4(a)(2) exemption from Securities Act registration as a transaction not involving a public offering.
Source: SPCX Form 8-K filed August 14, 2026 (Items 2.01 and 3.02).
Primary source
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