Cursor eyed at $60B valuation
- SpaceX said on April 21 it struck a deal with Cursor maker Anysphere to work together now, then either pay $10 billion later this year or buy the startup for $60 billion. - The offer landed days after Cursor was nearing a separate fundraise of at least $2 billion at a $50 billion valuation, interrupting talks that would have reset pricing again. - Cursor’s valuation has jumped from $9.9 billion in June 2025 to $29.3 billion in November 2025, then into $50 billion-to-$60 billion territory this month. (techcrunch.com)
SpaceX said on April 21 that it has a deal giving it the right to acquire Cursor for $60 billion later this year, or pay $10 billion for the companies’ joint work instead. (bloomberg.com) (techcrunch.com) Cursor is the flagship coding product of Anysphere, a San Francisco startup led by chief executive Michael Truell. SpaceX said the partnership combines Cursor’s reach with software engineers and SpaceX’s Colossus computing system. (fortune.com) (techcrunch.com) The timing is what turned the announcement into a valuation story. TechCrunch reported Cursor had been on track to close a new funding round of at least $2 billion at a $50 billion valuation before the SpaceX deal halted those talks. (techcrunch.com 1) (techcrunch.com 2) That means the $60 billion figure did not appear out of nowhere. It arrived on top of a private-market pricing run that had already pushed Anysphere from a $9.9 billion valuation in June 2025 to $29.3 billion in November 2025. (techcrunch.com 1) (techcrunch.com 2) Bloomberg reported early backers including Andreessen Horowitz and Thrive Capital stand to make multibillion-dollar gains if SpaceX completes the acquisition. Bloomberg also described the deal as part of Elon Musk’s effort to catch up in AI coding tools. (bloomberg.com 1) (bloomberg.com 2) The underlying product is simpler than the valuation suggests: Cursor sells software that sits inside a programmer’s editor, reads the surrounding code, and suggests or writes changes. Investors have treated that layer as more valuable than selling raw access to an underlying language model. (bloomberg.com) (techcrunch.com) That bet has been reinforced by Cursor’s revenue growth. TechCrunch reported Anysphere passed $500 million in annualized recurring revenue by June 2025, and Bloomberg later reported investors were discussing a financing above $18 billion before the November round. (techcrunch.com) (bloomberg.com) SpaceX has not said it will definitely close the purchase, only that it has the option later this year. For now, the clearest fact is that Cursor moved in one week from a planned $50 billion fundraise to a signed path toward $60 billion. (bloomberg.com) (techcrunch.com)
