AI M&A Boom: Cursor, OpenRouter, and Hugging Face Eye IPOs in H2 2026

annbordetsky · x · 2026-08-28

Ann Bordetsky cites Samir Kaji, noting that AI M&A is in full effect and far from over. Highlighted valuations include Cursor at $60B, OpenRouter at $8B, Hugging Face at $12.9B, and Decart at $6-7B. With companies like SpaceX, Anduril, Anthropic, Ramp, OpenAI, and Databricks on the IPO path, the next few years are expected to bring historic liquidity, potentially prolonging the current market fervor after a long period of inactivity.

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