India, June 17 -- SpaceX announced Tuesday that it has formally agreed to take over Cursor in a deal that values the AI coding startup at $60 billion. The San Francisco-based startup was founded in 2022 by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger while they were students at Massachusetts Institute of Technology (MIT).

The deal will turn Cursor's three co-founders into billionaires. According to a Forbes estimate, they will be worth $2.7 billion each when the deal goes into effect.

(Also read: SpaceX's $60 billion Cursor AI deal: What is Cursor AI and who are the founders?)

Of Cursor's three co-founders, one has a connection to India - Aman Sanger is the son of Indian immigrants to the United States. Here is what we ...