New Delhi, June 16 -- Space Exploration Technologies Corp. has entered a deal to acquire Anysphere, Inc., the maker of AI coding startup Cursor. According to an SEC Form 8-K filed by SpaceX, the company signed an Agreement and Plan of Merger on June 16, 2026 with Cursor and X67 Inc., a wholly owned SpaceX subsidiary. Cursor will survive as a wholly owned SpaceX subsidiary.

The transaction values Cursor at an implied equity value of $60.0 billion. At closing, each share of Cursor's common and preferred stock will convert into SpaceX Class A common stock. The exchange ratio will use SpaceX's volume-weighted average closing price over the seven trading days before closing. The deal is subject to closing conditions, including regulatory appr...