SPACE EXPLORATION TECHNOLOGIES CORP

Space Exploration Technologies Corp. (SpaceX) completed an offering of senior unsecured notes totaling $25 billion. The offering included five series of notes with maturities ranging from 2031 to 2056 and interest rates between 5.350% and 6.650%. Interest will be paid semi-annually, commencing January 15, 2027. The company also entered into a registration rights agreement to facilitate an exchange offer for the notes.

Space Exploration Technologies Corp. (SpaceX) announced the pricing of its inaugural offering of $25 billion in senior unsecured notes. The offering includes five tranches with varying interest rates and maturity dates, ranging from 2031 to 2056. SpaceX intends to use the net proceeds to fully repay its outstanding bridge loan facility, cover related fees, and allocate any remaining funds for general corporate purposes. The offering is anticipated to close on June 26, 2026.

Space Exploration Technologies Corp. (SpaceX) announced the commencement of an offering of senior unsecured notes. The company intends to use the net proceeds primarily to repay its bridge loan facility and for general corporate purposes. In connection with this offering, SpaceX disclosed an updated cash and cash equivalents balance of approximately $100.8 billion as of June 19, 2026.

Space Exploration Technologies Corp. announced the election of Roelof Botha as an independent Common Stock Director to its Board of Directors, effective June 16, 2026. Mr. Botha will also serve on the Audit Committee. He brings extensive public company, financial, investment, and audit committee experience, having previously served as CFO of PayPal and a managing member at Sequoia Capital. Non-employee directors do not receive cash or equity compensation, and an indemnification agreement will be provided.

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.

Space Exploration Technologies Corp. (SpaceX) announced the completion of its initial public offering (IPO) on June 15, 2026. In connection with the IPO, approximately 103 million outstanding shares of Series Preferred Stock converted into Class A or Class B common stock. The company also adopted an Amended and Restated 2024 Equity Incentive Plan and a Second Amended and Restated 2017 Employee Stock Purchase Plan, making a total of over 324 million Class A shares available for issuance under these plans. Additionally, SpaceX amended and restated its Certificate of Formation and Bylaws, and outlined its new public communication strategy.