Report: SpaceX reaches merger agreement with Cursor in a deal valued at $60 billion

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According to Bloomberg, on June 16, 2026, SpaceX announced it has reached a definitive merger agreement with Anysphere, the developer of the AI programming tool Cursor. This deal values Cursor at approximately $60 billion and will be carried out entirely through a stock transaction.

Under the agreement, X67 Inc., a wholly-owned subsidiary of SpaceX, will merge with Cursor, which will continue to operate independently as a wholly-owned subsidiary of SpaceX. After the transaction is completed, common and preferred shareholders of Cursor will be eligible to receive SpaceX’s Class A common shares.

The specific share exchange ratio will be calculated based on Cursor’s implied equity value of $60 billion, and the volume-weighted average closing price (VWAP) of SpaceX Class A common stock over the seven consecutive trading days preceding the completion of the transaction.

Currently, the merger transaction is still pending regulatory approval and subject to other closing conditions stipulated in the agreement. SpaceX anticipates that the transaction will be formally completed in the third quarter of 2026.

More updates to follow

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