SpaceX has secured a call option to acquire Anysphere, the company behind the AI-powered code editor Cursor, for $60 billion. If that sounds like an absurd number for a company that was founded by four MIT students in 2022, consider that Cursor is now pulling in roughly $4 billion in annualized revenue, and more than half of Fortune 500 companies are using it.
If SpaceX decides not to exercise the option, it still has to pay $10 billion for collaborative efforts.
What SpaceX is actually buying
Founded by Michael Truell, Sualeh Asif, Arvid Lunnemark, and Aman Sanger, all MIT graduates, the company went from zero to a $4 billion annual revenue run rate in roughly three and a half years.
Anysphere’s private market valuations have ranged between $29.3 billion and $50 billion across prior investment rounds. The $60 billion acquisition price represents a premium over even the highest of those marks.
