SpaceX completed its Cursor acquisition, converting Cursor's stock into 389,289,254 SpaceX shares based on a $60.0 billion implied equity value

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

SpaceX completed its acquisition of Anysphere, Inc., which the filing calls Cursor, on Aug 14, 2026, when the merger became effective, according to a Form 8-K (the filing a US-listed company uses to report an event) that it filed that day under item 2.01, the item for a completed acquisition. Cursor's common and preferred stock was converted into the right to receive 389,289,254 SpaceX Class A shares, based on an implied equity value of Cursor of $60.0 billion (the value of its shares alone, before debt) and the volume-weighted average closing price of SpaceX's shares over the seven trading days before the closing. Cursor merged with X67 Inc., a SpaceX subsidiary, and survived as a wholly owned subsidiary of SpaceX.1^,2^,3^,4^,5^,6^,7

Vested Cursor restricted stock units (grants that pay out in shares) became the right to receive 1,752,426 SpaceX Class A shares before tax withholding, and the unvested units and stock options were assumed and converted into about 29,128,326 SpaceX restricted stock units and about 44,365,047 options to buy Class A shares. SpaceX issued the shares without registering them, relying on an exemption for a transaction by an issuer that involves no public offering.8^,9^,10

SpaceX, Cursor and X67 had signed the merger agreement on Jun 16, 2026, and the 8-K filed that day said the transaction was subject to closing conditions including regulatory approvals. In an earlier earnings release, SpaceX said it announced an agreement to acquire Cursor to accelerate its AI enterprise offerings with one of the most advanced AI coding tools available.6^,11^,12^,13^,14

Our records hold the text of two documents of this deal, both Form 8-K filings, and they state an equity value in two sentences and a premium over a market price and an enterprise value in none; we do not hold the filing's other exhibits.15^,16