v3.26.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Purchase Consideration
The following table summarizes the components of the aggregate purchase consideration paid to acquire Cursor:
SpaceX shares issued as purchase consideration271
SpaceX share price on Closing Date$141.29 
Total equity consideration$38,293 
Replacement equity awards for Cursor’s equity awards(1)
4,181 
Total aggregate purchase consideration$42,474 
__________________
(1)Represents the value of outstanding equity awards held by Cursor employees that were converted into replacement SpaceX awards. The fair value of replacement equity-based awards attributable to pre-acquisition service was recorded as part of the purchase consideration
Schedule of Assets Acquired and Liabilities Assumed
The following table presents the preliminary allocation of the purchase price to the assets acquired and liabilities assumed, and a reconciliation to total consideration transferred.
Cash and cash equivalents$461 Accounts payable$2 
Marketable securities557 Deferred revenue, current481 
Accounts receivable315 Accrued expenses and other current liabilities414 
Prepaid expenses and other current assets161 Deferred tax liabilities446 
Intangible assets5,300 Other liabilities18 
Other assets395 Total Liabilities$1,361 
Total Assets$7,189 
Fair value of net assets acquired$5,828 
Goodwill36,646 
Total Purchase Consideration$42,474 
Schedule of Intangible Assets Acquired
The following table presents a summary of intangible assets acquired and the useful life of these assets:
Fair ValueUseful Life (years)
Existing technology$4,400 4
Customer relationships700 4
Brand200 3
Total intangible assets acquired$5,300 
Schedule of Pro Forma Information
The following table presents the Company’s pro forma combined revenue and net income (loss) (unaudited):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Revenue$15,114 $5,801 $29,325 $14,130 
Net income (loss)$3,339 $(3,731)$(7,273)$(10,732)