SpaceX's $60 billion Cursor AI deal: What is Cursor AI and who are the founders?

SpaceX announced plans to acquire Anysphere, the company behind the Cursor AI coding tool, in a deal valued at $60 billion. SpaceX said the acquisition is aimed at expanding its presence in the enterprise AI market and is expected to close during the third quarter of 2026. Reuters reported that SpaceX had been exploring a deal with Cursor for several months. In April, SpaceX said it had secured an option either to buy Cursor for $60 billion later in 2026 or pay $10 billion for a partnership. The acquisition could strengthen xAI's position in the AI coding market. Cursor AI is an artificial intelligence-powered coding tool that helps software developers write, edit, understand, and fix code. It is built on Microsoft's VS Code editor and includes features such as Agent Mode and Composer. Cursor uses AI models from companies like OpenAI, Anthropic, Google, and xAI. Anysphere was founded in 2022 by four MIT graduates: Michael Truell, Aman Sanger, Sualeh Asif, and Arvid Lunnemark. All four founders are under the age of 30 and were previously recognized in Forbes' "30 Under 30" list. Forbes estimates each founder owns about 4.48% of Anysphere. Lunnemark left Anysphere in October 2025 to start a new company. Millions of software developers worldwide use Cursor, including enterprise teams at Nvidia, Adobe, Uber, Shopify, and PayPal. Reuters reported earlier this month that Cursor generates roughly $2.6 billion in annualized business-to-business revenue.