Space Exploration Technologies Corp. Completes Acquisition of Anysphere, Inc.

Details

(SpaceX) completed the acquisition of Anysphere, Inc. (Cursor) through a merger with a wholly owned subsidiary, X67 Inc. The merger resulted in Cursor becoming a wholly owned subsidiary of SpaceX. The acquisition was executed by converting Cursor's common and preferred stock into SpaceX Class A common stock, converting vested restricted stock units into SpaceX Class A common stock, and assuming unvested restricted stock units and stock options. The transaction was completed in reliance on the exemption from registration requirements under Section 4(a)(2) of the Securities Act of 1933.

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About Space Exploration Technologies Corp. Class A

Space Exploration Technologies Corp. Class A represents equity in an American aerospace, telecommunications, and artificial intelligence company commonly known as SpaceX. The company designs, manufactures, and launches advanced rockets and spacecraft, providing orbital launch services for commercial, civil, and defense customers worldwide. Through its Space division, it operates reusable launch vehicles and spacecraft for satellite deployment, cargo transport, and crewed missions. Its Starlink business delivers satellite-based broadband connectivity via a large low Earth orbit constellation, serving residential, enterprise, maritime, aviation, and government users across many countries. In addition, the company’s AI division runs an integrated platform built around its Grok large language model, real-time information and media services branded as X, and high-performance computing infrastructure for consumer and enterprise AI workloads. Headquartered in Starbase, Texas and founded in 2002, Space Exploration Technologies Corp. today functions as a diversified space transportation, global communications, and AI infrastructure provider with an integrated technology stack spanning rockets, satellites, networks, and software.