SpaceX agrees to acquire Cursor (Anysphere) for ~$60B in stock; close expected Q3 2026

SPACE EXPLORATION TECHNOLOGIES CORP

Implied equity value of Cursor at $60.0B; consideration in SpaceX Class A common stock.
Merger of wholly-owned subsidiary X67 Inc. into Cursor; Cursor survives as a wholly-owned subsidiary.
Stock consideration calculated using VWAP over the 7 trading days before closing.
Transaction expected to close in Q3 2026, subject to regulatory approvals and other conditions.
Stock issuance exempt from registration under Section 4(a)(2) of the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SPACE EXPLORATION TECHNOLOGIES CORP entered into Agreement and Plan of Merger with Anysphere, Inc. (Cursor) valued at $60.0 billion (effective 2026-06-16).

Action: entry
Agreement: merger
Counterparty: Anysphere, Inc. (Cursor)
Value: $60.0 billion
Effective: 2026-06-16

Exact text from the filing

On June 16, 2026, Space Exploration Technologies Corp. (the “Company”), X67 Inc., a wholly owned subsidiary of the Company (“Merger Sub”), and Anysphere, Inc. (“Cursor”) entered into an Agreement and Plan of Merger (the “Merger Agreement”)

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Source: SEC EDGAR

accession 0001628280-26-043411

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