SpaceX completed its acquisition of AI coding platform Cursor on August 14 at an implied equity value of approximately $60 billion. Cursor became a wholly owned subsidiary of SpaceX, with the transaction involving new SpaceX shares and the conversion of existing Cursor equity awards. Sector: Artificial Intelligence / Software Key Highlights 💰 Acquisition completed at approximately $60B implied equity value 🤖 Cursor became a wholly owned SpaceX subsidiary 📊 SpaceX issued 389.3M Class A shares to Cursor shareholders 💵 Additional 1.8M Class A shares issued for vested RSUs 📋 Approximately 29.1M RSUs and 44.4M stock options assumed and converted Why It Matters The acquisition significantly expands SpaceX's exposure to AI software and coding technology, adding Cursor's AI-powered development platform to its broader technology portfolio. Read More: https://www.thinksabio.com/reports/isr/SPCX