Space Exploration Technologies Corp. (SPCX) has completed its acquisition of Anysphere, Inc., also known as "Cursor," effective August 14, 2026. The merger, first announced on June 16, 2026, results in Cursor becoming a wholly owned subsidiary of SPCX.
Key Details
- Transaction Value: The acquisition was based on an implied equity value of Cursor of $60.0 billion.
- Consideration: The merger consideration consisted primarily of SPCX Class A common stock. Approximately 391 million shares were issued to convert Cursor's outstanding stock and vested restricted stock units (RSUs).
- Assumed Equity: SPCX also assumed and converted Cursor's unvested equity awards, including approximately 29.1 million RSUs and 44.4 million stock options, into corresponding SPCX equity awards.
- Effective Date: The merger officially became effective on August 14, 2026.