关键洞察：
- SpaceX股价在完成600亿美元收购Cursor后下跌3%。
- Cursor股东获得389,289,254股SpaceX A类股票的权利。
- SpaceX承担了约2910万受限股票单位和4440万Cursor股票期权。
SpaceX股价在公司完成600亿美元收购Cursor后，周五早盘下跌3%，至137.52美元。跌幅延续了周四的亏损，投资者还面临8月20日的大规模解禁。
与此同时，该交易为公司增加了数百万 SpaceX股票、受限股票单位和期权，丰富了公司的股权结构。
SpaceX股价延续周四跌势
周四，SpaceX股价收盘下跌约3%，至141.29美元。但该水平仍略高于公司135美元的首次公开募股价格。
周五早盘的下跌使SPCX股价更接近其IPO水平。股价也比6月16日的收盘高点201.80美元低约30%。
与此同时，Cursor交易后一周内还将迎来另一股权供应事件。根据美国证券交易委员会的 备案文件 ，约3.19亿股股票可能于8月20日解禁。
此次计划解禁紧随公司6月的公开发行和近期SPCX股价下跌。然而，备案文件仅列出了可能解禁的股票数量。
Cursor交易为SpaceX（SPCX）增添新股权
在此市场背景下，SpaceX完成了其 收购 of Cursor on August 14, 2026. SpaceX subsidiary X67 Inc. merged into Anysphere as part of the transaction.
Cursor survived the merger and became a wholly owned subsidiary of SpaceX. Notably, the companies structured the $60 billion purchase around SpaceX Class A shares.
Cursor’s common and preferred shares converted into rights to receive 389,289,254 SpaceX Class A shares. The companies based that conversion on Cursor’s implied equity value of $60 billion.
Additionally, the calculation used SpaceX’s volume-weighted average closing price over the seven trading days preceding the close. That formula determined the equity exchange underpinning the completed acquisition.
Vested Cursor restricted stock units also converted into rights to receive 1,752,426 SpaceX Class A shares. Applicable tax withholding will reduce the distributions received by individual holders.
Meanwhile, SpaceX will provide cash for any fractional shares resulting from the conversion. The company also assumed Cursor’s unvested restricted stock units.
Those awards became approximately 29,128,326 SpaceX restricted stock units. Furthermore, SpaceX assumed Cursor stock options and converted them into roughly 44,365,047 Class A purchase options.
The company issued the transaction shares under the Section 4(a)(2) registration exemption. That provision applies to transactions that do not involve a public offering.
Elon Musk on SpaceX’s AI Expansion Plan
Alongside the acquisition, Elon Musk discussed plans for artificial intelligence during an employee meeting. He expects AI revenue to exceed every other SpaceX revenue category in September 2026.
Moreover, Musk expects AI revenue to significantly surpass space-related revenue during the fourth quarter. He also identified artificial intelligence and robotics as central to the company’s long-term future.
That direction covers both hardware and software operations. Meanwhile, Musk plans to train Grok using SpaceX information and internal knowledge.
Employee ideas, beliefs, and technical knowledge will help shape Grok’s training and values. Additionally, Musk expects Grok 4.7 to outperform xAI’s existing models and provide greater engineering utility.
The AI plans follow SpaceX’s first earnings release. Quarterly revenue nearly doubled from the previous year to $7.8 billion.
However, spending reached $18.3 billion, more than six times the earlier level. Most of that expenditure went toward artificial intelligence as the SpaceX stock price traded near its IPO price.
文章 SpaceX股价为何在600亿美元收购Cursor后下跌？ 首发于 币圈共和国.
