Whose pricing is above API rates? Not Cursor. It's 100% at each model provider's published API rate. With a bigger sub, you get it cheaper than that.

Cursor makes a ton of money because the product is great. It's easily the most sophisticated harness out there, and it isn't an IDE anymore. It's an agent dashboard since version 3.

Suffice it to say it's not all idiot money being thrown at them by users.