On the heels of its blockbuster IPO, SpaceX announced that it plans to acquire AI coding startup Cursor in an all-stock deal worth $60 billion by the third quarter of 2026. The deal would double the net worths of Cursor’s four young billionaire cofounders, Michael Truell, 25, Aman Sanger, 25, Sualeh Asif, 25, and Arvid Lunnemark, 26. Forbes estimates they will be worth $2.7 billion each.

They aren’t the only ones poised for a windfall from the deal. Early investors including Andreessen Horowitz (which reportedly owns a roughly 10% stake, worth $6 billion) and Thrive (which owns about 7%, worth $4.2 billion, per a source familiar) stand to win big from the deal too.

Cursor has come a long way in a short span of time. Founded in 2022 by four MIT friends and 30 Under 30 alumni, the startup started out as a coding tool for developers. After AI behemoth Anthropic launched Claude Code, Cursor found itself on the defensive, shifting to “war time” mode, as Forbes reported in March.

It appears to have worked. In early June, Cursor crossed $4 billion in annualized revenue, fending off stiff competition from both Anthropic and OpenAI, Forbes reported. Its revenue grew from $2 billion in February to $3 billion in late April. The uptick in revenue is in part due its new product Cloud Agents, which works on complex programming tasks for hours in the background.

Cursor first teamed up with SpaceX in April, when the rocket maker obtained the right to acquire it for $60 billion, or pay $1.5 billion in breakup fees and $8.5 billion in computing resources if the deal didn’t go through. SpaceX, which also acquired xAI in February, had been struggling to improve the capabilities........

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