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SpaceX says it has agreement to acquire Cursor for $60B

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Re: SpaceX says it has agreement to acquire Cursor for $60B

#141

Post by SwellJoe »

Lermatroid wrote: post #47
AirMax98 wrote: post #10

What are we even doing here. I have no idea what this has to do with aerospace, but I know a bit about software and this does not look great. Cursor is obviously on a serious decline and has little to no moat in the area they are building in (IDE), which we kinda now know is maybe not even the right area (CLI). I feel like this is just a bad move?

AFAIK cursor is basically the only player right now not subsidizing tokens out the ass, and has been seeing solid growth across individual and enterprise with almost every model performing best in their harness. Not sure how that’s a serious decline.

No one wants an IDE, anymore. They're building a better horse.

Re: SpaceX says it has agreement to acquire Cursor for $60B

#142

Post by [deleted] »

nikcub wrote: post #94

knee-jerk is that it's weird, but makes sense: * X will have a total of ~2GW of GPU sometime this year largely not doing much outside of 'grok is this true' * despite no longer being in vogue with consumer devs Cursor still has a lot of developer data that can assist in building a model * Cursor have decent enterprise relationships (while for xAI it is ~zero) and that's where the real revenue for llms + agents is * C…

[deleted]

Re: SpaceX says it has agreement to acquire Cursor for $60B

#143

Post by manquer »

Rapzid wrote: post #130

Wow, we are seeing the dark underbelly of the beast here. Nobody talks about cursor anymore for a reason. Look, I'm not saying it's not useful and discounting anyone getting value out of it... But it's clearly not worth 60B dollars in April 2026.

It is not cash though. SpaceX does not have $60B liquid cash instruments.

More accurately it is 3.4% of SpaceX at the last rumored valuation of $1.75T.

Re: SpaceX says it has agreement to acquire Cursor for $60B

#144

Post by [deleted] »

silisili wrote: post #140
nikcub wrote: post #94

knee-jerk is that it's weird, but makes sense: * X will have a total of ~2GW of GPU sometime this year largely not doing much outside of 'grok is this true' * despite no longer being in vogue with consumer devs Cursor still has a lot of developer data that can assist in building a model * Cursor have decent enterprise relationships (while for xAI it is ~zero) and that's where the real revenue for llms + agents is * C…

> largely not doing much outside of 'grok is this true' Hey now, don't forget about it's super important other use, taking innocent photos of people and regenerating them in less clothing and compromising positions. I'm sad that I even know that.

[deleted]

Re: SpaceX says it has agreement to acquire Cursor for $60B

#148

Post by squidsoup »

Rapzid wrote: post #130

Wow, we are seeing the dark underbelly of the beast here. Nobody talks about cursor anymore for a reason. Look, I'm not saying it's not useful and discounting anyone getting value out of it... But it's clearly not worth 60B dollars in April 2026.

The only reason I haven't switched back to VS Code is pure laziness, not using any AI features in Cursor other than resolving diffs these days.

Re: SpaceX says it has agreement to acquire Cursor for $60B

#149

Post by Reubend »

nikcub wrote: post #94

knee-jerk is that it's weird, but makes sense: * X will have a total of ~2GW of GPU sometime this year largely not doing much outside of 'grok is this true' * despite no longer being in vogue with consumer devs Cursor still has a lot of developer data that can assist in building a model * Cursor have decent enterprise relationships (while for xAI it is ~zero) and that's where the real revenue for llms + agents is * C…

I think you're right. Other providers can offer coding subscriptions that use in-house models, and this sets the stage for a Grok coding plan that's built in to Cursor.

$60 billion seems expensive, but it gives them a much better chance at competing in the market than if they started their own harness from scratch.

Re: SpaceX says it has agreement to acquire Cursor for $60B

#150

Post by mandevil »

NetMageSCW wrote: post #89
jmyeet wrote: post #65

I really don't know what Elon is thinking here because SpaceX's IPO is already precarious, for several reasons: 1. It was used to rescue himself and key investors from overpaying for Twitter, which was first rescued through xAI (and I don't know why anyone thought investing in xAI was a good idea but here we are). If our regulators weren't defanged, this deal would've gotten alot more scrutiny (IMHO). Whatever the ca…

Starship won’t compete with F9, or BO because it is fully reusable and cost less than either. The Chinese are not a player in the global launch services market at all so don’t count. Starship isn’t comparable to Falcon Heavy because it has vastly more volume, which will make it the cheapest way to launch Starlinks, which will be a lot of launches to begin with.

There is a lot resting on Starlink, 11 gigadollars in direct revenue that accounts for fully 60% of SpaceX's total revenue of 18 gigadollars. It's hard to see how that level of revenue can sustain a 1 terradollar valuation.

Like, TSLA had 94 gigadollars in revenue last year, and it's a 1.2 terradollar company, and most outside analysts are frankly skeptical of that multiple. SpaceX is trying to get a similar valuation on a fifth of that revenue.

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