Andreessen, Thrive Poised for Windfall From SpaceX’s Cursor Bid
Andreessen Horowitz and Thrive Capital are poised for a multibillion-dollar windfall from their early investments in Cursor if Elon Musk’s SpaceX moves forward with an agreement to acquire the artificial intelligence coding startup for $60 billion.
Andreessen Horowitz is the largest outside shareholder in the startup, with a roughly 10% stake that would be worth about $6 billion at the estimated transaction price, according people familiar with the matter.
The venture firm backed Cursor multiple
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