As Cursor, the popular AI coding company, prepares for an expected acquisition by Elon Musk’s SpaceX, the startup has hit another financial milestone: It topped $4 billion in annualized revenue in the last week, according to a person familiar with the matter.

The figure suggests Cursor’s business is still fast-growing, despite fearsome competition from Anthropic and OpenAI, which have poured major investment into their coding models. The new revenue is up from $3 billion in late April, and $2 billion in February.

Though Cursor started as an individual developer tool, the company is now focused on selling into the enterprise. Of its........

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