Under the agreement, Anysphere shareholders will receive SpaceX Class A shares in exchange for their existing common and preferred stock holdings.
SpaceX is set to acquire Cursor developer Anysphere in a merger that values the AI startup at $60 billion, according to a new SEC filing. The companies signed a merger agreement on June 16 under which SpaceX subsidiary X67 Inc. will merge with Anysphere, leaving the startup as a wholly owned subsidiary of SpaceX.
At closing, all outstanding Anysphere common and preferred shares will be converted into SpaceX Class A stock. The number of shares issued will be based on Anysphere’s $60 billion implied valuation and SpaceX’s seven-day volume-weighted average share price immediately before closing.
The deal is expected to close in the third quarter of 2026, subject to regulatory approvals and other closing requirements outlined in the merger agreement.
This is a developing story.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our