SpaceX completes acquisition of Cursor

On August 14, SpaceX submitted regulatory documents stating that the merger transaction with the code editing tool Cursor has been completed. According to the transaction arrangement, Cursor shareholders will receive a total of approximately 389 million shares of SpaceX Class A common stock, corresponding to an implied equity value of $60 billion for Cursor. In addition, the restricted stock units that have vested will convert into approximately 1.75 million shares of SpaceX Class A common stock, while unvested restricted stock units and stock options will convert into approximately 29.13 million restricted stock units and 44.37 million stock options, respectively. This transaction uses the issuance of SpaceX Class A common stock as the primary consideration and does not involve a public offering.