Space Exploration Technologies Corp. (SPCX) completed its $60 billion all-stock acquisition of Cursor.
The deal converted outstanding Cursor shares into 389.3 million shares of SpaceX Class A common stock. SpaceX also converted all vested and unvested Cursor stock units and options into additional shares.
The merger integrates Cursor’s assets and personnel to expand the SpaceX portfolio. A separate filing revealed CEO Elon Musk holds a 48.4% ownership stake in the company.