Recent Updates — SPCX
Space Exploration Technologies Corp. completed its acquisition of Anysphere, Inc. (Cursor) on August 14, 2026, through a merger with subsidiary X67 Inc. Cursor shareholders received an aggregate of 389,289,254 shares of Space Exploration's Class A common stock, reflecting an implied equity value for Cursor of $60.0 billion based on the seven-day volume-weighted average closing price preceding the close. Vested restricted stock units converted into 1,752,426 additional shares, while unvested RSUs and options were assumed as approximately 29,128,326 new RSUs and 44,365,047 stock options respectively. Space Exploration Technologies Corp. operates in the aerospace industry, designing, manufacturing, and launching advanced rockets and spacecraft.
Space Exploration Technologies Corp. reported second quarter 2026 financial results with revenues of $7.8 billion, a 92% year-over-year increase, and an adjusted EBITDA of $3.5 billion. The company announced a definitive agreement to acquire Cursor for $60 billion to expand its AI enterprise capabilities. Additionally, SpaceX secured $14.1 billion in contracted sales through new Cloud Services Agreements and received over $6 billion in multi-year U.S. government contracts for Starshield. Operational highlights include 78 total launches and the completion of two successful Starship V3 flight tests. The company operates in the aerospace, satellite connectivity, and artificial intelligence industries.
Space Exploration Technologies Corp. entered into an indenture with The Bank of New York Mellon Trust Company, N.A. on June 26, 2026, to issue $25.0 billion in aggregate principal amount of senior unsecured notes. The offering consists of five tranches: $7.0 billion at 5.350% due 2031, $6.0 billion at 5.650% due 2033, $6.0 billion at 5.875% due 2036, $2.5 billion at 6.600% due 2046, and $3.5 billion at 6.650% due 2056. Interest is payable semi-annually on January 15 and July 15. The company also entered into a registration rights agreement with several initial purchasers to facilitate a future exchange offer. Space Exploration Technologies Corp. is an aerospace company that develops spacecraft and launch vehicles.
Space Exploration Technologies Corp. priced a $25 billion offering of senior unsecured notes with varying interest rates ranging from 5.350% to 6.650% due in 2031, 2033, 2036, 2046, and 2056. The company intends to use the net proceeds to repay bridge loan facility borrowings in full and for general corporate purposes. Space Exploration Technologies Corp. operates in the aerospace and space exploration industry.
Space Exploration Technologies Corp. announced the commencement of an offering of senior unsecured notes to qualified institutional buyers and non-U.S. persons. The company held approximately $100.8 billion in cash and cash equivalents as of June 19, 2026. Net proceeds from the offering will be used to repay bridge loan facility borrowings in full and for general corporate purposes. Space Exploration Technologies Corp. operates in the aerospace and space exploration industry.
Space Exploration Technologies Corp. elected Roelof Botha as an independent Common Stock Director and appointed him to the Audit Committee, effective June 16, 2026. Mr. Botha is a managing member of Sequoia Capital and formerly served as CFO of PayPal, Inc. The company is an aerospace and space exploration technology company.