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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

#201

Post by websap »

miffy900 wrote: post #162
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.

Yep. there's absolutely no way that Cursor is worth that much. for contrast, Elon paid $44b for twitter back in 2022. When you adjust for inflation, Twitter was acquired for $49b in 2026 money. Cursor getting bought for 1.22x more is just insanity. Elon seems unwilling to shake off the image that he has basically no idea what he's doing.

I think X paid for itself, so it worked our for him.

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

#203

Post by ValentineC »

yungbeto wrote: post #109

Why would Elon do this if he knows full well the names X-Code and Codex are already taken?

> Why would Elon do this if he knows full well the names X-Code and Codex are already taken?

Steal their Twitter usernames anyway, just like he did mine.

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

#204

Post by gpm »

Lonestar1440 wrote: post #195

So SpaceX bought a $60B Option on Cursor, plus a bunch of services, for $10B. If strike date comes and Cursor is in fact worth less than $60B... they can move to acquire it for that price. Or just let it "expire". And if it's worth more, they get a savage good deal. If the services were worth $8B anyway, it's hard to lose. It seems less crazy to me through this lens. A straight acquisition, today, at $60B would in fa…

Paying $10B for the option is also crazy though. Paying $10B for the thing outright and not just an option would be absurdly high.

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

#205

Post by airstrike »

kristopolous wrote: post #133
taurath wrote: post #112

Earlier quoted context omitted.

Pretend to and/or be motivated by things other than money, that’s the strongest thing interviewers drop people from, even though they’re motivated by money to be there.

Interesting. I genuinely do not care about money. The motivation of money is literally zero to me. Maybe that's a problem as well: they want people who Are motivated by money acting like they aren't? I wanted in because I saw them doing exciting impactful things That's literally it. I dunno. I've been struggling with this for decades

Just act hard for the duration of the interview season.

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

#206

Post by cleaning »

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.

Just because it's not discussed much on HN does not imply it is not relevant in the broader space. Cursor is still very much prevalent there with 1 mil DAU.

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

#208

Post by richardlblair »

sippeangelo wrote: post #74

That's a hefty payday for a model that barely functions! Every time I run out of API credits and get kicked back to Composer 2 I feel like I'm better off just packing up for the rest of the month. I feel like we're finally at a point where you don't have to constantly argue with and constantly babysit coding models, which makes it even more frustrating when you're suddenly forced to deal with one that ignores your in…

Cursor is great. I was using it up until recently. Then I switched oh my pi, and honestly I haven't looked back. I've also heard great things about open code.

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

#209

Post by skippyboxedhero »

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?

IDE is a moat with people who can code.

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

#210

Post by cuuupid »

manquer wrote: post #143
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.

No longer rumored as they filed for IPO!

This is actually an amazing sweetheart deal for Cursor. Many times with these high profile acquisitions, most stock is tied to LPA's and employment at the company, and also earnout provisions. The company then finds a way to parachute them out early, which both voids the earnout and their employment, thus they never vest most of the units and the few units they do vest get bought out at 409A valuations which are typically much, much lower.

In the case of Cursor this is an amazing boon as SpaceX listed at an almost 100x multiple which is absolutely staggering. Had SpaceX stayed private they could have 409a'd Cursor and got it for effectively ~100M$ cash.

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