By Alex Cou, Samantha Lee, Charlotte Wu, Kevin Chuang, and Sophia Fang (National Taiwan University); Freya Zhang and Chak Li (HKUST) Photo: Forest Katsch (Unsplash) Overview of the deal Acquirer: Space Exploration Technologies Corp. (SpaceX) Target: Anysphere, Inc. (Cursor) Implied Equity Value: $60 Billion Total Transaction Size: $60 Billion (100% All-Stock) Expected Close Date: Q3 2026 Closed Date: Not yet closed; expected to close in Q3 2026 Target Advisor: Not publicly d