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According to U.S. Securities and Exchange Commission (SEC) filings, SpaceX and its wholly-owned subsidiary, X67 Inc., have reached a merger agreement with Anysphere, Inc. (referred to as 'Cursor'). Under the agreement, the merged subsidiary will combine with Cursor, which will continue to exist as a wholly-owned subsidiary of SpaceX. The filing submitted by SpaceX states that upon the effectiveness of the merger, each share of common and preferred stock issued by Cursor prior to the merger will automatically be converted into the right to receive SpaceX Class A common stock. The conversion will be based on Cursor's implied equity value of $60 billion and the volume-weighted average closing price of SpaceX Class A common stock over the seven consecutive trading days preceding the merger closing date. SpaceX expects the merger to be completed in the third quarter of 2026.
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