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Reports the all-stock deal: Anysphere shareholders receive SpaceX Class A shares priced at the volume-weighted average closing price over the seven trading days before close; expected Q3 close pending regulatory review. Puts Cursor at $4bn in annualised revenue, roughly $2.6bn from enterprise B2B clients, and notes 50,000+ enterprise customers including two-thirds of the Fortune 500.

“SpaceX agrees to buy Cursor-maker Anysphere for $60 billion in stock, the largest acquisition of a venture-backed startup ever.”