SPCX to Acquire Anysphere, Inc. for $60 Billion in All-Stock Deal

Space Exploration Technologies Corp. (SPCX) has entered into a definitive merger agreement to acquire Anysphere, Inc. ("Cursor") in an all-stock transaction. Upon completion, Cursor will become a wholly owned subsidiary of SPCX. The acquisition is based on an implied equity value of $60.0 billion for Anysphere.

Key Details

• Transaction Value: The acquisition implies an equity value of $60.0 billion for Anysphere, Inc.
• Consideration: The payment will be made in shares of SPCX's Class A common stock, with the final share count based on SPCX's volume-weighted average price for the seven consecutive trading days prior to closing.
• Timeline & Closing: The merger is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory approvals.