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SpaceX Secures Option to Acquire AI Coding Startup Cursor for $60B; SBF's $200K Alameda Investment Now Worth ~$3B

GateNews
StocksAI Industry NewsAI Tools & Apps

Gate News message, April 22 — SpaceX announced today it has reached an agreement with AI programming startup Cursor, securing the right to acquire the company for $60 billion later this year or paying $10 billion to advance cooperation between the two firms.

Cursor's developer, Anysphere, completed a $400,000 Pre-Seed funding round in April 2022 led jointly by Alameda Research and Heroic Ventures. Alameda invested $200,000 for approximately 5% equity in the company. The stake was sold at its original valuation during FTX's bankruptcy liquidation; had it not been sold, it would be worth approximately $3 billion at the company's current valuation.

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