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How Aman Sanger Built Cursor Into a $60 Billion AI Coding Story

Aman Sanger, Cursor, Anysphere, SpaceX, Elon Musk, AI startup, AI coding platform, Indian-origin founder, enterprise AI, MIT founders, vibe coding, developer tools, artificial intelligence, startup acquisition, Google, Bridgewater Associates

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At 25, Aman Sanger has found himself at the centre of a major technology deal, after SpaceX agreed to acquire Anysphere Inc., the company behind AI coding platform Cursor, in a transaction valued at $60 billion.

The acquisition, expected to close by the third quarter of 2026, will make Anysphere a wholly owned subsidiary of Elon Musk’s aerospace company. For the AI developer tools market, the deal marks a defining moment. For Sanger, one of Cursor’s four co-founders, it is the result of an early bet on how software will be written in the age of artificial intelligence.

Sanger’s story began well before Cursor became a familiar name among engineering teams. He started coding at the age of 14 and later studied at the Massachusetts Institute of Technology. It was at MIT that he met Michael Truell, Sualeh Asif and Arvid Lunnemark, who would go on to become his co-founders.

Before launching Anysphere in 2022, Sanger worked at Bridgewater Associates and Google. He also ran an AI consultancy, giving him a closer look at how businesses were beginning to think about artificial intelligence beyond research labs and experimental tools.

The founding idea behind Anysphere was simple but ambitious. Instead of building an AI product that sat outside a developer’s routine, the team wanted to create something that worked directly inside the coding process. The company first explored AI for computer-aided design, but later moved its focus to software engineering. That shift led to Cursor.

Cursor was not built as just another autocomplete tool. Its appeal came from its ability to work with larger codebases, understand broader programming context, generate code, identify bugs and support engineering tasks that require judgment. In a crowded market of coding assistants, that wider scope helped it stand apart.

The platform has since gained strong enterprise traction. Cursor now has more than 50,000 teams using it, including engineering organisations at Nvidia, Adobe, Uber, Shopify and PayPal. The company has also said its tools are used across 64% of Fortune 500 firms, with enterprise customers generating more than 100 million lines of code through the platform each day.

Investor interest grew alongside that adoption. Cursor crossed a $29.3 billion valuation last year after funding rounds backed by Accel and Coatue. Its annualised revenue was reported at more than $1 billion.

Beyond the numbers, Cursor also became part of a larger shift in software development. The platform is closely associated with “vibe coding”, a term used for building software through natural language prompts rather than writing every instruction line by line. Collins Dictionary named “vibe coding” its Word of the Year for 2025, underlining how quickly the idea entered mainstream tech conversations.

Sanger’s background adds another layer to the story. His father, Arvind Sanger, is an IIT Bombay alumnus who built a career in hedge funds. His mother, Shilpa Sanger, is an orthodontist, entrepreneur and board member of Pratham USA, the education non-profit.

The reported SpaceX deal puts Anysphere in a new league. It also signals how valuable AI coding tools have become for companies thinking about speed, automation and the future of engineering work. What began as a developer-first product built by four MIT-linked founders has now become one of the most closely watched names in enterprise AI.

For Sanger, the journey from writing code as a teenager to co-building Cursor reflects a larger moment in technology: AI is no longer only helping developers write faster, it is starting to reshape how software itself is imagined, built and maintained.

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