A tech myth—or the prelude to a crash?

According to the SEC 8-K filing submitted by SpaceX on August 14, 2026, the company has officially completed its acquisition of Cursor’s parent company, Anysphere. The merger became effective on the same day, and Cursor is now a wholly owned subsidiary of SpaceX.

This is an all-stock transaction, with an implied valuation of approximately $60 billion. Cursor’s common and preferred stock will be converted into approximately 389 million shares of SpaceX Class A common stock (based on Cursor’s implied equity value of $60 billion and the volume-weighted average price of SpaceX’s closing stock over the seven trading days prior to the close). Certain restricted stock units (RSUs) and options will also be converted accordingly.

Brief background review:

In April 2026, SpaceX reached an agreement with Cursor, obtaining an option to be acquired for $60 billion, or paying a $10 billion “cooperation fee”.

In June 2026 (a few days after the SpaceX IPO), SpaceX officially exercised its option and signed the merger agreement, with an expected completion in the third quarter of 2026.

After regulatory approvals are completed, the transaction is officially closed today.

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