SpaceX to acquire Anysphere in $60 billion all-stock deal

TL;DR
SpaceX said on June 23, 2023 that it had entered into a definitive agreement to acquire Anysphere, Inc., the creator of the AI coding assistant Cursor. The all-stock deal values Cursor at an implied equity value of $60.0 billion, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. SpaceX said the transaction is subject to regulatory approvals and is expected to close in the third quarter of 2026.

SpaceX announced on June 23, 2023 that it had entered into a definitive agreement to acquire Anysphere, Inc., the company behind the AI-powered coding assistant Cursor. The announcement was cited in a Form 8-K filing with the U.S. Securities and Exchange Commission.

The Form 8-K said the all-stock transaction values Cursor at an implied equity value of $60.0 billion. Under the agreement, SpaceX will merge a wholly owned subsidiary into Cursor, and Cursor will continue operating as a wholly owned subsidiary of SpaceX after the transaction closes.

Cursor shareholders will receive SpaceX Class A common stock, with the exchange ratio based on SpaceX stock's 7-day volume-weighted average price before closing. SpaceX said the transaction remains subject to standard regulatory approvals and is expected to close in the third quarter of 2026.

Related questions

What is Anysphere?
Anysphere, Inc. is the creator of the AI coding assistant Cursor, according to the announcement.

How much is the deal worth?
The all-stock transaction values Cursor at an implied equity value of $60.0 billion, according to SpaceX's Form 8-K filing.

When is the acquisition expected to close?
SpaceX said the transaction is expected to close in the third quarter of 2026, subject to regulatory approvals.