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Saturday, August 22, 2026

Startup billionaires

 



All of Cursor's founders - 25-26 years old MIT dropouts - are now multi-billionaires following SpaceX's $60 billion acquisition 😳 Their story remains one of the wildest ones in tech ever: → 4 MIT students start a side project in 2022 (initially for CAD/mechanical engineering) → Pivot hard and create Cursor, the AI coding tool that developers love and & helped popularise vibe coding → Hit a $10B valuation → Decide copilots aren’t enough, so they move into agentic AI teammates & their own models → Need massive compute to compete with OpenAI & Anthropic → Meanwhile xAI is losing the coding race → Elon realizes catching up could take years, so he skips the line & buys Cursor for $60B → Cursor gets the world’s largest GPU fleet and compute, while SpaceXAI gets the coding leader → Founders become multi-billionaires; the first 50 hires ~$20-500M each This is the beauty of startups at its finest.


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