Nov 6, 4:15 PM ET
Class B Director Donald Harrison notified Space Exploration Technologies Corp. on November 4, 2026, that he is resigning from the Board of Directors, effective immediately. The company said the resignation was not due to any disagreement on its operations, policies, or practices, so the filing reports no dispute behind the departure.
- Donald Harrison, a Class B Director, gave notice of resignation on November 4, 2026.
- The resignation is effective immediately.
- The filing states it was not due to any disagreement with the company on operations, policies, or practices.
- The filing does not name a replacement director.
Read the filing on SEC.gov ↗
Oct 26, 8:00 AM ET
On October 24, 2026, the company entered into a binding commitment letter for a master finance lease with an entity managed by Apollo Global Management, which will acquire and lease GPU pods and related equipment for company-selected data centers. The company expects aggregate principal payments under the lease schedules to total approximately $40 billion, which is a large long-term financing obligation. The deal is subject to closing conditions and is expected to close before year end, so its terms and timing could still change.
- Binding commitment letter dated October 24, 2026 for a master finance lease with an entity managed by Apollo Global Management
- Expected aggregate principal payments of approximately $40 billion over the lease schedules
- Each tranche has a lease term of about five to five and one-quarter years, with quarterly rent paid in advance at a fixed rate to be set at pricing
- Closing is expected before year end 2026; lease schedules are expected to commence in the first half of 2027 upon GPU delivery
Read the filing on SEC.gov ↗
Oct 20, 4:00 PM ET
SpaceX reported third-quarter 2026 revenue of $14.6 billion, up from $5.6 billion a year earlier, and net income of $4.4 billion, compared with a net loss of $1.1 billion in the prior-year quarter. Growth was led by the Super Intelligence segment, which includes the Cursor acquisition, and by the Connectivity segment. Capital expenditures were $19.6 billion in the quarter, and the nine-month net loss was $413 million, so shareholders still face heavy spending alongside the quarterly profit.
- Revenue was $14.6 billion, up 161% from $5.6 billion; Super Intelligence revenue was $7.6 billion
- Net income was $4.4 billion versus a net loss of $1.1 billion; diluted EPS was $0.35 versus a loss of $0.36
- Adjusted EBITDA was $8.8 billion, up from $2.2 billion; the nine-month net loss was $413 million
- Capital expenditures were $19.6 billion in the quarter, and the Cursor acquisition closed August 14, 2026
Read the filing on SEC.gov ↗
Aug 14, 8:23 AM ET
Space Exploration Technologies Corp. completed its merger with Anysphere, Inc. (Cursor) on August 14, 2026, making Cursor a wholly owned subsidiary. Cursor's stock and vested restricted stock units were converted into the right to receive Class A common stock, based on an implied Cursor equity value of $60.0 billion. The filing does not state what percentage of the company's shares this represents, so the dilution to existing shareholders cannot be determined from this filing.
- Merger became effective August 14, 2026, under a merger agreement dated June 16, 2026
- Cursor common and preferred stock converted into 389,289,254 Class A shares, based on an implied equity value of $60.0 billion
- Vested Cursor restricted stock units converted into 1,752,426 Class A shares before tax withholding
- Unvested restricted stock units and stock options were assumed, covering about 29,128,326 restricted stock units and about 44,365,047 stock options
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.