SpaceX completed its acquisition of Anysphere, Inc., maker of the Cursor AI code editor, on August 14, 2026. A Form 8-K filed the same day reports that the merger of wholly owned subsidiary X67 Inc. into Anysphere became effective, leaving Cursor a wholly owned SpaceX subsidiary. The merger agreement had been signed on June 16, 2026. Cursor confirmed the close on its own blog the same day.
The consideration is set out precisely in the filing. Anysphere’s outstanding common and preferred shares converted into the right to receive an aggregate of 389,289,254 shares of SpaceX Class A common stock, based on an implied equity value for Cursor of 60.0 billion dollars and a SpaceX Class A share price equal to the volume-weighted average closing price over the seven consecutive trading days immediately preceding the closing. Vested Cursor restricted stock units converted into an aggregate of 1,752,426 SpaceX Class A shares before tax withholding. Unvested Cursor restricted stock units and stock options were assumed and converted into approximately 29,128,326 SpaceX restricted stock units and approximately 44,365,047 SpaceX stock options respectively. The shares were issued without registration, relying on the Section 4(a)(2) private placement exemption.
Cursor’s own post frames the rationale in compute terms rather than distribution terms. It describes access to what it calls the largest fleet of GPUs in the world as the means to train more powerful models that are cheaper to run, and says customers should expect more capable models at lower cost. It cites Grok 4.6, released the day before the close, as an early result of the joint work, and states that the mission remains helping developers spend less time writing code.
Three details make this consequential beyond the headline number. First, the size: an all-stock deal at a 60.0 billion dollar implied equity value for a company founded a few years earlier stands as the largest acquisition of a venture-backed startup on record. Second, the structure: SpaceX paid entirely in its own newly public stock, so the price was funded by its post-IPO valuation rather than by cash, and roughly 391 million new Class A shares now sit with former Anysphere holders. Third, the combination: with xAI and now Cursor inside the same corporate parent alongside the GPU fleet, SpaceX owns a frontier model lab, a leading AI coding surface and the compute underneath all three. For enterprise buyers standardizing on an AI coding tool, the vendor’s ownership, model dependency and pricing incentives all changed on one day.