SpaceX completes Cursor acquisition at $60B implied equity value
SpaceX completed its acquisition of AI coding platform Cursor on August 14, making Cursor a wholly owned subsidiary at an implied $60 billion equity value and issuing Class A shares to Cursor holders.
SPCX SpaceX completed its acquisition of AI coding platform Cursor on August 14 at an implied equity value of $60 billion.
The Details: • Ownership structure: Cursor became a wholly owned subsidiary of SpaceX on August 14. • Stock issuance: SpaceX issued 389.3 million Class A shares to Cursor common and preferred shareholders, plus 1.8 million Class A shares for vested RSUs. • Equity compensation: The transaction assumed and converted unvested Cursor awards into approximately 29.1 million restricted stock units and 44.4 million stock options.