Cursor

The AI code editor that developers chose on their own.

Now a wholly owned subsidiary of SpaceX after an all-stock deal valued at $60B closed on 14 August 2026.

What it is

Cursor is a code editor with AI built into every step: autocomplete that predicts the next edit, chat over the whole codebase and agents that make changes across files. It is made by Anysphere.

Why it grew

Engineers installed it themselves and paid with their own cards. Once whole teams used it their employers signed enterprise contracts. Revenue passed $1B in under three years with almost no outbound sales.

Founders: Michael Truell (CEO), Sualeh Asif, Aman Sanger and Arvid Lunnemark
Founded: 2022
Headquarters: San Francisco
Growth engine: Bottom-up adoption then enterprise
Pricing: Free tier · Pro at $20 a month · Team and Enterprise plans with usage-based model access.

Revenue milestones

Jan 2025: $100M company-reported (Wikipedia)
Jun 2025: $500M company-reported (Wikipedia)
Nov 2025: $1B+ reported (Wikipedia)
Early 2026: $2B reported (The Next Web)
May 2026: $3B reported by Bloomberg (Wikipedia)

Funding and deals

Jun 2025: Series C · $900M led by Thrive, $9.9B valuation (Wikipedia)
Nov 2025: Series D · $2.3B led by Accel and Coatue, $29.3B valuation (Wikipedia)
Aug 2026: Acquired by SpaceX, $60B all-stock (Wikipedia)

Latest news

2026-08-14: SpaceX completes its $60B all-stock acquisition of Cursor (Wikipedia)
2026-06-16: SpaceX says it will exercise its right to buy Cursor (Wikipedia)
2026-05-21: Bloomberg reports Cursor at $3B ARR (Wikipedia)
2026-04-21: SpaceX deal gives it the right to buy Cursor for $60B later in 2026 (Wikipedia)
2026-04-18: Reported talks to raise $2B at a $50B valuation as ARR reaches $2B (The Next Web)

Last researched 2026-11-02.