• SpaceX disclosed an unregistered share issuance tied to its planned acquisition of Anysphere (Cursor) via an all-stock merger agreement dated June 16, 2026.
• At closing, Cursor common and preferred shares convert into SpaceX Class A common stock based on an implied Cursor equity value of $60 billion.
• Share exchange ratio will use SpaceX Class A volume-weighted average closing price over the seven trading days before closing.
• Issuance will rely on the Securities Act Section 4(a)(2) private offering exemption.
• Closing targeted for Q3 2026, subject to customary conditions including regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SpaceX - Space Exploration Technologies Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-043411), on June 16, 2026, and is solely responsible for the information contained therein.