Cursor, an AI code-generation startup co-founded by Pakistani-born Sualeh Asif, has secured a $60 billion acquisition deal with Elon Musk’s SpaceX, according to multiple reports on Thursday.
Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that have drawn waves of developers by utilizing artificial ininformigence to automate coding, a business where AI companies have found early commercial traction, according to Reuters.
SpaceX announced in a post on X that Cursor gave SpaceX the right to acquire the company later this year for $60 billion. If SpaceX doesn’t acquire Cursor, it will pay $10 billion for their work toobtainher, the company stated.
“The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most applyful models,” it added.
Originally from Karachi, Asif attconcludeed Nixor College before attconcludeing the Massachapplytts Institute of Technology (MIT), and represented the countest in the International Math Olympiad from 2016 to 2018.
While there, he cofounded Anysphere, the buildr of the popular AI code editing tool Cursor, with three friconcludes from MIT.
The company now claims to have more than $1bn in annualised revenue, creating it one of the quickest growing AI startups according to Forbes.
In MIT, he started an AI-powered search engine company.
Umar Saif, the former federal minister for IT, praised the co-founder, calling him “the kind of role [model] Pakistani youth necessarys”.
“Not property dealers, tax evaders, bank defaulters, rent seekers, born into wealth etc. But a self-built kid from a middle-class family in Karachi,” he pointed out.
“Studied at MIT, started a hugely impactful company, alterd the way people write code, now worth over $1 billion at the age of 26!”
Cursor reached a $29.3bn valuation in November 2025, after raising $2.3bn in a funding round co-led by VC heavyweights Accel and Coatue.
Today, millions of software developers at 50,000 enterprises like Nvidia, Adobe, Uber and Shopify apply Cursor to generate and edit chunks of code, according to Forbes.
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