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Project Overview
Cursor is an AI-driven code editor enhancing developer productivity. It offers features like code generation, debugging, and collaboration.
Microsoft had considered acquiring Cursor but ultimately locked in a partnership with SpaceX.
According to Techstartups, Microsoft had explored acquiring AI programming tools company Cursor but ultimately did not proceed with the deal. Subsequently, SpaceX swiftly secured an option to acquire Cursor at a $60 billion valuation. Cursor has now become one of the key players in the AI programming space, benefiting from strong developer demand for automated programming and productivity tools—where OpenAI and Anthropic are fiercely competing. Meanwhile, Microsoft faces another set of pressures, with its stock down 10% this year, underperforming its peers in the hyperscale data center sector.
SBF invested $200,000 early in Cursor; if he had not sold his equity, it would now be worth approximately $3 billion.
SpaceX announced today that it has reached a cooperation agreement with AI-powered programming startup Cursor, which has granted SpaceX the right to acquire Cursor later this year for $6 billion—or pay $1 billion to advance their collaboration. According to reports, Cursor’s developer, Anysphere, closed a $400,000 pre-seed funding round in April 2022, co-led by Alameda Research and Heroic Ventures. Alameda invested $200,000 in Anysphere, acquiring approximately 5% equity; this stake was sold at its original price during FTX’s bankruptcy liquidation. Had it not been sold, the stake would now be worth roughly $3 billion.
AI-powered programming startup Cursor seeks at least $2 billion in funding, with a valuation of $50 billion
According to TechCrunch, AI-powered coding startup Cursor is nearing completion of a new funding round of at least $2 billion, with a post-money valuation of approximately $50 billion—nearly doubling its $29.3 billion valuation from six months ago. The round is co-led by existing investors Thrive Capital and Andreessen Horowitz, with Battery Ventures and strategic investor NVIDIA also expected to participate. The round has already been oversubscribed, though final terms have not yet been finalized. On the performance front, Cursor projects its annualized revenue to exceed $6 billion by the end of 2026—representing at least a threefold increase over the $2 billion annualized revenue it disclosed in February this year. Regarding profitability, the company achieved a slight positive gross margin overall after launching its in-house Composer model in November last year and incorporating lower-cost third-party models (e.g., Kimi from China). Its enterprise business has already reached gross-margin profitability, while its individual developer accounts remain unprofitable.
North Korean hacking group “HexagonalRodent” leverages AI to industrialize attacks against Web3 developers, stealing over $12 million in crypto assets in three months
According to a research report released by cybersecurity firm Expel, the company is tracking an advanced persistent threat (APT) group dubbed “HexagonalRodent,” which is highly assessed to be a North Korean (DPRK) state-sponsored actor. This group primarily targets Web3 developers and specializes in stealing high-value digital assets—including cryptocurrencies and NFTs. In the first quarter of 2026 alone, the group compromised 2,726 developer devices and stole access credentials for 26,584 cryptocurrency wallets, with the total value of stolen assets reaching as high as $12 million. The group primarily carries out its attacks via fake job postings—publishing lucrative positions on LinkedIn and Web3 recruitment platforms to lure job seekers into completing “skills assessments” embedded with malicious code. These assessments exploit VSCode’s tasks.json functionality to automatically execute malware when victims open the project folder. The malware used includes BeaverTail, OtterCookie, and InvisibleFerret, all of which possess capabilities such as password theft, remote control, and reverse shell execution. Notably, the group extensively leverages generative AI tools—including ChatGPT and Cursor—to develop malware, build counterfeit corporate websites, and generate AI-forged executive teams. It even registered a shell company in Mexico to enhance the credibility of its operations. Additionally, the group recently carried out its first-ever supply-chain attack, successfully infiltrating a VSCode extension.
Polymarket launches new market: "Will SpaceX acquire Cursor"
Odaily Seer Channel monitoring indicates that Polymarket has launched a new market: "Will SpaceX acquire Cursor," with the current probability of "Yes" at 74%.The event contract rules are as follows: If, before 11:59 PM Eastern Time on December 31, 2026, it is officially announced that Cursor will be acquired by SpaceX or will merge with it, the market will resolve to "Yes"; otherwise, the market will resolve to "No." Mergers or acquisitions involving Cursor or its parent company (where applicable) with SpaceX or its parent company, Space Exploration Technologies Corp., are eligible. The outcome will be "Yes" as long as Cursor or SpaceX issues an announcement within the market's timeframe, regardless of whether the announced acquisition/merger actually occurs. Announcements of partial sales may also qualify as long as the acquiring company gains a controlling interest in the other company. "Controlling interest" refers to a change in ownership sufficient to control the company's strategic decisions (typically meaning over 50% equity, or equivalent control through voting rights and governance). Transactions or investments that do not result in a transfer of controlling interest are not eligible. The primary source for resolving this market will be official information from Cursor and SpaceX; however, a consensus of credible reports may also be used.Odaily Seer Channel continues to monitor prediction markets, observing changes before they are priced.
Bitget Wallet Launches New AI Subscription Campaign with Up to 100% Cashback
Bitget Wallet has announced a new AI subscription cashback campaign, covering mainstream AI tools such as ChatGPT, Cursor, Gemini, and Grok. The campaign aims to address long-standing issues faced by Chinese-speaking users in everyday AI subscription scenarios—including payment failures, unstable card binding, and subscription renewals being interrupted. The campaign runs from April 9 to April 30. During this period, new users who activate the Bitget Wallet Card and complete their first eligible AI subscription will receive 50% cashback—up to $10 per transaction. If they successfully invite one new user to activate the card and complete their first AI subscription purchase, the cashback rate for the inviter’s first transaction increases to 100%, with a maximum total cashback of $20. Additionally, existing users who participated in the March AI subscription cashback campaign will be eligible for 50% cashback—up to $10 per transaction—upon completing their first AI subscription purchase during this campaign and successfully inviting one new user to make their first purchase; if they invite two new users, the cashback rate rises to 100%, with a maximum total cashback of $20.
Related news
North Korean hacking group “HexagonalRodent” leverages AI to industrialize attacks against Web3 developers, stealing over $12 million in crypto assets in three months
According to a research report released by cybersecurity firm Expel, the company is tracking an advanced persistent threat (APT) group dubbed “HexagonalRodent,” which is highly assessed to be a North Korean (DPRK) state-sponsored actor. This group primarily targets Web3 developers and specializes in stealing high-value digital assets—including cryptocurrencies and NFTs. In the first quarter of 2026 alone, the group compromised 2,726 developer devices and stole access credentials for 26,584 cryptocurrency wallets, with the total value of stolen assets reaching as high as $12 million. The group primarily carries out its attacks via fake job postings—publishing lucrative positions on LinkedIn and Web3 recruitment platforms to lure job seekers into completing “skills assessments” embedded with malicious code. These assessments exploit VSCode’s tasks.json functionality to automatically execute malware when victims open the project folder. The malware used includes BeaverTail, OtterCookie, and InvisibleFerret, all of which possess capabilities such as password theft, remote control, and reverse shell execution. Notably, the group extensively leverages generative AI tools—including ChatGPT and Cursor—to develop malware, build counterfeit corporate websites, and generate AI-forged executive teams. It even registered a shell company in Mexico to enhance the credibility of its operations. Additionally, the group recently carried out its first-ever supply-chain attack, successfully infiltrating a VSCode extension.
Microsoft had considered acquiring Cursor but ultimately locked in a partnership with SpaceX.
According to Techstartups, Microsoft had explored acquiring AI programming tools company Cursor but ultimately did not proceed with the deal. Subsequently, SpaceX swiftly secured an option to acquire Cursor at a $60 billion valuation. Cursor has now become one of the key players in the AI programming space, benefiting from strong developer demand for automated programming and productivity tools—where OpenAI and Anthropic are fiercely competing. Meanwhile, Microsoft faces another set of pressures, with its stock down 10% this year, underperforming its peers in the hyperscale data center sector.
Polymarket launches new market: "Will SpaceX acquire Cursor"
Odaily Seer Channel monitoring indicates that Polymarket has launched a new market: "Will SpaceX acquire Cursor," with the current probability of "Yes" at 74%.The event contract rules are as follows: If, before 11:59 PM Eastern Time on December 31, 2026, it is officially announced that Cursor will be acquired by SpaceX or will merge with it, the market will resolve to "Yes"; otherwise, the market will resolve to "No." Mergers or acquisitions involving Cursor or its parent company (where applicable) with SpaceX or its parent company, Space Exploration Technologies Corp., are eligible. The outcome will be "Yes" as long as Cursor or SpaceX issues an announcement within the market's timeframe, regardless of whether the announced acquisition/merger actually occurs. Announcements of partial sales may also qualify as long as the acquiring company gains a controlling interest in the other company. "Controlling interest" refers to a change in ownership sufficient to control the company's strategic decisions (typically meaning over 50% equity, or equivalent control through voting rights and governance). Transactions or investments that do not result in a transfer of controlling interest are not eligible. The primary source for resolving this market will be official information from Cursor and SpaceX; however, a consensus of credible reports may also be used.Odaily Seer Channel continues to monitor prediction markets, observing changes before they are priced.
If FTX Had Not Gone Bankrupt, SBF’s Investment Portfolio Could Have Generated Over $100 Billion in Potential Returns
According to KOL AB Kuai.Dong (@_FORAB), FTX founder SBF is currently incarcerated for allegedly misappropriating approximately $16 billion in user assets. However, the potential value of his investment portfolio has sparked widespread discussion. Had FTX not gone bankrupt and been liquidated, the estimated returns on its holdings would have been as follows: Anthropic—approximately $82.3 billion (roughly 165x), SpaceX—approximately $15 billion (roughly 75x), Robinhood—approximately $4.9 billion (roughly 8x), Genesis Digital Assets—approximately $3.5 billion (roughly 3x), and AI-powered coding tool Cursor—approximately $3 billion (roughly 15,000x, with an original investment of just $200,000 for a 5% stake). The combined potential value of these assets exceeds $100 billion.
SBF invested $200,000 early in Cursor; if he had not sold his equity, it would now be worth approximately $3 billion.
SpaceX announced today that it has reached a cooperation agreement with AI-powered programming startup Cursor, which has granted SpaceX the right to acquire Cursor later this year for $6 billion—or pay $1 billion to advance their collaboration. According to reports, Cursor’s developer, Anysphere, closed a $400,000 pre-seed funding round in April 2022, co-led by Alameda Research and Heroic Ventures. Alameda invested $200,000 in Anysphere, acquiring approximately 5% equity; this stake was sold at its original price during FTX’s bankruptcy liquidation. Had it not been sold, the stake would now be worth roughly $3 billion.
SpaceX Announces Right to Acquire AI Programming Startup Cursor for $60 Billion
Odaily News SpaceX announced on platform X that it has reached a cooperation intent with AI programming startup Cursor. The latter has granted SpaceX the right to acquire it later this year for a price of $60 billion, or to pay $10 billion to advance their collaboration. Cursor is a rapidly growing artificial intelligence startup focused on developing code-writing software.