SpaceX to complete $60B all-stock acquisition of Cursor next week
SpaceX is expected to complete its $60 billion acquisition of Cursor next week, using SpaceX stock rather than cash. Upon closing, all Cursor common and preferred shares will convert to SpaceX Class A common stock, with the exchange ratio based on Cursor's $60B implied valuation and SpaceX's stock price over the seven consecutive trading days before closing.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@crypto_pumpman
🧐 SpaceX ( $SPCX ) 预计下周完成对 Cursor 的 600亿 美金收购 值得一提：SpaceX 是用自己股权收购 Cursor，并不是现金 合并生效时，Cursor 的全部「普通股」和「优先股」，将自动转换为 SpaceX 的 A类 普通股 换股比例基于 Cursor 600亿美元 的隐含估值，和 SpaceX股票 在交割前 连续7个交易日 https://t.co/yMVf7Yf7AV
@adamkillam
I thought the same thing when Elon rebranded Twitter to X and so did a lot of people. If they have bigger plans for Cursor beyond what it is now, a rebrand could make sense. Devs, like crypto peops and other niche audiences never like when the products they love get opened up