Space Exploration Technologies Corp. to Acquire Anysphere for $60B

Space Exploration Technologies Corp. (SPCX) announced it has entered into an Agreement and Plan of Merger with Anysphere, Inc. (Cursor). Under the terms of the agreement, Cursor will merge with X67 Inc., a wholly owned subsidiary of SPCX, with Cursor surviving as a wholly owned subsidiary of SPCX. The transaction values Cursor at an implied equity value of $60.0 billion, with consideration to be paid in SPCX Class A common stock. The merger is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions. The issuance of shares will be made in reliance on the Section 4(a)(2) exemption from registration requirements.