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. 8 million Class A shares for vested RSUs. 4 million stock options.