Every material Form 8-K Space Exploration Technologies has filed with the SEC since June 15, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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
SpaceX reported second-quarter 2026 revenue of $7.8 billion, up 92% from $4.1 billion a year earlier, and a net loss of $541 million, down from $1.0 billion in the prior-year quarter. The company also disclosed a pending $60 billion agreement to acquire Cursor, which it expects to close in the third quarter of 2026, and $18.4 billion of quarterly capital expenditures, so shareholders will weigh the revenue growth against continued heavy spending.
Revenue of $7.8 billion for the quarter ended June 30, 2026, up 92% year over year; the AI segment contributed $2.6 billion
Net loss of $541 million, an improvement of $467 million from $1.0 billion a year earlier; six-month net loss was $4.8 billion
Adjusted EBITDA of $3.5 billion, up 191% from $1.2 billion; company ended the quarter with $100 billion of cash, equivalents and marketable securities
Agreement to acquire Cursor for $60 billion, with closing expected in the third quarter of 2026
On June 16, 2026, Space Exploration Technologies Corp. elected Roelof Botha as an independent Common Stock Director to fill an existing board vacancy, effective immediately, and appointed him to the Audit Committee. The filing describes his prior roles at Sequoia Capital and PayPal, and discloses a related-person employment arrangement that exceeded the $120,000 reporting threshold in 2025.
Board elected Roelof Botha on June 16, 2026 to fill an existing vacancy, serving until the next annual meeting of shareholders.
Botha was also appointed to the Audit Committee, effective immediately.
A Botha family member has been employed by the Company since January 2025; their 2025 annual compensation exceeded $120,000.
Non-employee directors do not currently receive cash or equity compensation. The Company will enter into an indemnification agreement with Botha.
Space Exploration Technologies Corp. signed a merger agreement on June 16, 2026, to acquire Anysphere, Inc. (Cursor) in a deal based on an implied equity value of $60.0 billion. Cursor holders would receive Class A common stock, with the share count set by the seven-day volume-weighted average price before closing, and the company expects the deal to close in the third quarter of 2026, subject to closing conditions including regulatory approvals.
Merger Sub X67 Inc. will merge into Cursor, which will survive as a wholly owned subsidiary of the company
Implied equity value of Cursor is $60.0 billion
Consideration is Class A common stock priced on the seven-day VWAP before closing
Expected closing in the third quarter of 2026, subject to regulatory approvals
Space Exploration Technologies Corp. (SPCX) completed its initial public offering on June 15, 2026, selling 638,888,888 Class A common shares at $135.00 each, including the underwriters' full exercise of their option to buy 83,333,333 additional shares. The company said it plans to use the net proceeds to fund AI compute infrastructure, launch infrastructure and vehicles, satellite constellations, and general corporate purposes. Filing also converted about 103 million preferred shares into common stock and adopted new equity and employee stock purchase plans.
IPO of 638,888,888 Class A common shares priced at $135.00 per share, completed June 15, 2026
Underwriters exercised their option in full to buy 83,333,333 additional shares
Approximately 103 million preferred shares converted into Class A and Class B common stock on June 15, 2026
Restated Certificate of Formation and Amended and Restated Bylaws took effect June 15, 2026
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