Elon Musk buys software from a 25-year-old who failed his first startup for $60 billion

On April 22, 2026, SpaceX announced the acquisition of Cursor, a code editor developed by the startup Anysphere, for $60 billion. Anysphere's founder, Michael Truell, 25, co-founded the company after dropping out of MIT. The deal will be finalized after SpaceX's IPO scheduled for June 2026, which could reach a valuation of $1.75 trillion. Cursor experienced rapid success, reaching $1 billion in annual revenue by November 2025.