BREAKING: SpaceX officially completes its $60 billion acquisition of Cursor.

The merger became effective on August 14, 2026. SpaceX subsidiary X67 Inc. merged into Anysphere, with Cursor surviving as a wholly owned SpaceX subsidiary.

• Cursor's common and preferred shares were converted into the right to receive 389,289,254 SpaceX Class A shares.

• Vested Cursor RSUs were converted into the right to receive 1,752,426 SpaceX Class A shares before applicable tax withholding.

• Cash will be provided in place of fractional shares.

• Unvested Cursor RSUs were assumed and converted into approximately 29,128,326 SpaceX RSUs.

• Cursor stock options were assumed and converted into approximately 44,365,047 options to purchase SpaceX Class A shares.

• The share conversion was based on Cursor's $60 billion implied equity value and SpaceX's volume-weighted average closing price over the seven trading days immediately before closing.

• The shares were issued under the Section 4(a)(2) registration exemption as a transaction that did not involve a public offering.