secwatch.observer — SEC 8-K summary
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Issuer:     SPACE EXPLORATION TECHNOLOGIES CORP (SPCX)
CIK:        0001181412
Form:       8-K
Filed at:   2026-08-14T12:23:02+00:00
Accession:  0001628280-26-056945
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1181412/000162828026056945/0001628280-26-056945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1181412/000162828026056945/spcx-20260814.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-056945

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