TLDR Tech / AI
Cursor Hits $3 Billion Annual Sales Rate Ahead of SpaceX Deal
Cursor's annualized revenue hit $3 billion in late April. The company now has more than 3,000 customers paying at least $100,000 each for its software on an annualized basis. The business has become one of the fastest-growing startups of all time. SpaceX has the right to buy Cursor for $60 billion during a 30-day window that starts soon after it begins trading publicly. SpaceX is expected to list its shares on June 12.
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