SpaceX to acquire AI coding company Cursor for $60B in all-stock deal

Filed June 16, 2026 · Period ending June 16, 2026 · ~1 min read

Key Changes

• high

  SpaceX will pay $60 billion in Class A common stock to acquire Cursor (Anysphere, Inc.), an AI coding company. The all-stock structure means existing shareholders will be diluted based on SpaceX's 7-day average stock price before closing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Cursor will become a wholly owned SpaceX subsidiary through a merger structure. The deal is subject to regulatory approvals and standard closing conditions, with closing expected in Q3 2026 (July-September).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  SpaceX issued the merger consideration shares to Cursor under a private placement exemption (Section 4(a)(2)), avoiding public offering registration requirements by treating this as a transaction with sophisticated investors.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →