Cursor Hits $3B Annual Revenue Ahead of Potential SpaceX Acquisition

According to Bloomberg, AI coding startup Cursor reached a $3 billion annualized revenue run rate in late April, growing from a $2 billion run rate in February. The San Francisco-based company now has over 3,000 customers paying at least $100,000 annually.

SpaceX could enter a potential acquisition window following its expected June 12 listing. IPO filings reveal SpaceX has the right to buy Cursor for $60 billion later in 2026, or alternatively pay a $10 billion fee. If the acquisition does not proceed, Cursor would receive $1.5 billion in cash and $8.5 billion in deferred services fees under a compute agreement.