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Indian-origin Cursor co-founder’s net worth hits $5.5 billion after SpaceX deal
Cursor crossed $1 billion in annualized revenue in November 2025 and had made about $4 billion in annualized revenue by early June 2026.
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IANS - Wed, 17, Jun 2026
- 03:18 EDT
- 36
Representative image / Pexels
SpaceX has signed a merger deal for $60 billion in stock to acquire Anysphere Inc., the parent of AI coding platform Cursor, a move that has made its co-founder Aman Sanger, 25, worth an estimated $5.5 billion.
Sanger, who left the Massachusetts Institute of Technology (MIT) in 2022 with three classmates to build what became Cursor, serves as chief operating officer at Anysphere. On LinkedIn, Sanger describes his mission as “removing all bottlenecks in creating software.”
The startup pivoted from an initial focus on building an AI copilot for the mechanical engineering industry to an AI-assisted coding platform that can analyze entire codebases and generate complex solutions, multiple reports said.
Sanger, born in New York, began coding at 14 and met co-founders Michael Truell, Sualeh Asif and Arvid Lunnemark at MIT, where he studied computer science. Within Anysphere, Truell serves as CEO and Asif leads product, while Sanger has overseen product strategy, distribution and community building.
Cursor crossed $1 billion in annualized revenue in November 2025 and had made about $4 billion in annualized revenue by early June 2026.
Millions of software developers at roughly 50,000 enterprises such as Nvidia, Adobe, Uber, Shopify and PayPal use Cursor to generate and edit code.
Reacting to SpaceX’s acquisition announcement on X, Sanger posted: “Excited to train some very strong models!” while SpaceX expects to close the merger by the third quarter of 2026.
The acquisition announcement comes four days after SpaceX’s record-breaking Nasdaq initial public offering (IPO). On its stock market debut day, SpaceX became the sixth-highest-valued public company in the world.
The shares ended the debut day at $160.95, giving SpaceX a market capitalization of about $2.2 trillion after its first day of trading and making rocket maker founder Elon Musk the world’s first trillionaire.
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