SpaceX Enters Merger Agreement with Cursor Valued at $60B

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.MERGER WITH CURSOR:In a regulatory filing, Space Exploration Technologiesdisclosed that on June 16 the company, X67 Inc., a wholly owned subsidiary of the company, and Anysphere, Inc. entered into an agreement and plan of merger, pursuant to which merger sub will merge with and into Cursor, with Cursor surviving the merger as a wholly owned subsidiary of the company. Each share of Cursor's common stock and each share of Cursor's preferred stock outstanding immediately prior to the effective time of the merger will be automatically converted into the right to receive shares of the company's Class A common stock based on an implied equity value of Cursor of $60B and the price of the company's Class A common stock equal to the volume-weighted average closing price thereof over the seven consecutive trading days immediately preceding the closing of the merger. The company currently expects the merger to close during the third quarter of 2026.SpaceX first revealed in April that it had secured the right to buy Cursor later this year, but was holding off because of the company's initial public offering, which was completed on Friday.CROSSHAIRS:Anthropic's tensions with the Trump administration reflect concerns that the company failed to effectively engage on AI security priorities and meet expectations around a cybersecurity executive order, highlighting that policy alignment and government communication are becoming increasingly important alongside technical leadership in AI, Maria Curi and Marc Caputo.ENTERPRISE AI:Equinixunveiled an expanded collaboration with Ciscoand Nvidiato accelerate enterprise AI. Working with its partners, the company will enable customers to deploy the Cisco Secure AI Factory with Nvidia across its global network of data centers, providing customers with standardized AI factory blueprints and automation. Equinix is also partnering with Presidio to deploy their Programmable AI Technology Hub Lab. The lab will give customers a real-world environment inside Equinix data centers to test, validate and refine AI infrastructure before enterprise-wide rollout. Built on Cisco's Secure AI Factory with Nvidia, the lab is a fully integrated, production-grade AI environment purpose-built for enterprises to test, validate, and refine their AI strategies before committing to full-scale deployment. Through the combined expertise of Presidio, Cisco, Nvidia and Equinix, enterprises gain access to turnkey AI infrastructure proven to work across hybrid workloads, spanning public cloud, neocloud, on-premises, and colocation environments.