Cursor's secondary market valuation climbs toward $30B

Summary

Cursor is trading in the secondary market at a valuation approaching $30 billion, up significantly from earlier levels. The climb reflects sustained demand for the AI coding assistant despite skepticism from some quarters. A MIT report characterized Cursor as slowing developers down, but deeper analysis revealed the speedups were context-dependent, and product improvements have continued. Secondary market pricing suggests investor confidence in the company's trajectory, a sharp contrast to earlier uncertainty about whether viral adoption would convert to durable retention.