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SpaceX closes $60 billion acquisition of Cursor developer Anysphere
Cursor shareholders received 389.29 million SpaceX shares, and the deal took effect Aug. 14 after SEC filing.
SpaceX has officially closed its $60 billion acquisition of Anysphere, the software company behind the AI coding platform Cursor, according to a U.S. Securities and Exchange Commission filing referenced by Yahoo Finance.
The transaction became effective Aug. 14. Under the agreement, Cursor shareholders received an aggregate 389.29 million shares of SpaceX, based on an implied $60 billion equity value and SpaceX's volume weighted average closing price over the seven trading days before the deal closed.
Yahoo Finance also notes that Cursor has over a million developers using its AI coding agents, including customers such as Nvidia and Adobe, and it competes with players including OpenAI, Anthropic, and Alphabet's Google.
SpaceX said the combination of Cursor's product and distribution among expert software engineers with its Colossus AI training supercomputer could help build what it describes as the world's most useful models, and SpaceXAI and Cursor are working together on coding and knowledge work AI, even as SpaceX stock slipped slightly on Friday.
After the close, the report highlights that investors are left weighing whether SpaceX shares reflect the acquisition's AI ambition or whether there is still upside in the market's pricing.