SpaceX completes $60B all-stock acquisition of Anysphere (Cursor)

SPACE EXPLORATION TECHNOLOGIES CORP

• Merger effective Aug 14, 2026; Cursor becomes wholly owned subsidiary of SpaceX.
• Consideration: 389,289,254 Class A shares for Cursor common/preferred, based on $60.0B implied equity value.
• Vested Cursor RSUs converted to 1,752,426 shares; unvested RSUs/options assumed as ~29.1M RSUs and ~44.4M options.
• Price per share based on 7-day VWAP preceding closing; issuance exempt under Section 4(a)(2).
• Deal previously announced June 16, 2026; Merger Agreement filed as Exhibit 10.1.