# SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_9b50f4eed65e27e9d0fb · retrieved 2026-08-11T15:52:29.021Z

## Overview
SpaceX designs, manufactures, launches, and operates integrated hardware and software infrastructure across space, connectivity, and AI, including the world's most advanced rockets and spacecraft.

SpaceX announced an agreement to acquire Cursor, an advanced AI coding tool company, for $60 billion to accelerate its AI enterprise offerings. The transaction is expected to close in the third quarter of 2026. The acquisition is part of SpaceX's broader strategy to expand its AI infrastructure and capabilities alongside its Grok AI model development.

## Terms
- Counterparty: Cursor · Deal value: $60.00B

## Key dates
- Announced 2026-08-04 · Expected close 2026-09-30

## Timeline
- 2026-08-04 · 8-K (0001628280-26-052515): 8-K - SPACE EXPLORATION TECHNOLOGIES CORP — *SpaceX designs, manufactures, launches, and operates integrated hardware and software infrastructure across space, connectivity, and AI, including the world's most advanced rockets and spacecraft.* SpaceX announced an agreement to acquire Cursor, an advanced AI coding tool company, for $60 billion to accelerate its AI enterprise offerings. The transaction is expected to close in the third quarter of 2026. The acquisition is part of SpaceX's broader strategy to expand its AI infrastructure and capabilities alongside its Grok AI model development.
  https://www.sec.gov/Archives/edgar/data/1181412/0001628280-26-052515.txt

## Citations
- 0001628280-26-052515 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026052515