SpaceX Deal Makes Indian-Origin AI Founder Worth $5.5 Billion

NEW DELHI- SpaceX has signed a $60 billion agreement to acquire Anysphere Inc., the parent company of the AI coding platform Cursor. The deal has boosted Indian-origin co-founder Aman Sanger’s estimated net worth to $5.5 billion.

Sanger, 25, serves as Chief Operating Officer of Anysphere, the startup behind the widely used AI coding assistant. Born in New York, he began coding at age 14 and later studied computer science at the Massachusetts Institute of Technology (MIT). He co-founded the company in 2022 after leaving MIT with classmates Michael Truell, Sualeh Asif and Arvid Lunnemark.

The company initially focused on AI for the mechanical engineering industry before pivoting to AI-assisted coding, creating tools capable of analyzing entire codebases and generating complex software solutions.

Cursor’s growth has been rapid, crossing $1 billion in annualized revenue in November 2025 and reaching approximately $4 billion by early June 2026. The platform is currently used by developers at roughly 50,000 enterprises, including Nvidia, Adobe, Uber, Shopify and PayPal.

Reacting to the acquisition on X, Sanger wrote: “Excited to train some very strong models!”

SpaceX expects to complete the acquisition by the third quarter of 2026.

The announcement follows SpaceX’s recent Nasdaq debut, which valued the company at about $2.2 trillion. (IANS)