SPACE EXPLORATION TECHNOLOGIES CORP
For the period ended Oct 20, 2026. Filed Oct 20, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 20, 2026 · Filed Oct 20, 2026
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EX-99.1 · Cursor Merger
Cursor Merger
SpaceX completed its acquisition of Cursor on August 14, 2026, based on an implied equity value of$60 billion, advancing the
Company’s strategy to vertically integrate compute infrastructure, SI models, and applications.
Under the terms of the agreement, certain outstanding common shares of Cursor were converted into SpaceX equity awards with time-
based vesting conditions to retain key talent. In addition, any outstanding, unvested equity awards held by Cursor employees prior to
the acquisition were assumed and converted into equivalent SpaceX awards. The GAAP purchase consideration was$42.5 billion, and
thevalue of equity awards issued in connection with the acquisition attributable to post-acquisition service is$23.4 billion, subject to
future forfeitures.
From the closing date through September 30, 2026, Cursor contributed$608 million of revenue to the Company’s consolidated results
of operations.
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