211–220 of 1001 posts
Lots of people in the comments talking about how this is about training data, but surely this is actually about hiring competent people after the mass exodus/firing at xAI?
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.
SpaceX spending $1B a month on various AI services seems ~plausible
(EDIT - Or maybe it's an IP transfer, or maybe it's over a longer time horizon. Idk but SpaceX clearly expects value from 'our work together' even if they don't exercise.)
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You've literally got tools like opencode that are MIT licensed. Most of those points X could do on their own or are things that make this attractive for cursor not X. e.g. Need developer data? Use some of that spare GPU compute, hand out free top end model coding access for a bit and you'll very rapidly have developer data >decent enterprise relationships I guess. 60B worth of "relationships" though?
> hand out free top end model coding access for a bit and you'll very rapidly have developer data They tried this - grok was free on openrouter for a while
I just want to make the observation that this whole SpaceX IPO is turning out entirely unlike the CDOs that led to the 2008 financial crisis. There's no mixing of AAA level assets with a bunch of subprime stuff and then getting someone to buy it all as AAA. Not at all similar. Completely different. Will turn out just fine this time.
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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.
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They still just bought access to all the code you've ever fed into the model...
Cursor very reasonably had a “no retention” checkbox available to everyone, including those on free plans.
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This is like me, a couch potato, pivoting from "I'm going to run a half marathon" to "I'm going to do a marathon in under ten minutes"
It's a mission, not a business plan. Colonising Mars was always a moonshot as well. But it aligned the company's priorities. My point is regardless of what you think of a Dyson sphere, this theory seems to predict what the company does better than assuming everything's a ketamine fever dream.
I think Musk being a ketamine addict explains a lot and this is very aligned. Given that he can't build a self-driving car, he would have to be under the influence of very strong drugs to think he could build a Dyson sphere of all things.
That being said, some sort of financial fraud is even more on brand.
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You've literally got tools like opencode that are MIT licensed. Most of those points X could do on their own or are things that make this attractive for cursor not X. e.g. Need developer data? Use some of that spare GPU compute, hand out free top end model coding access for a bit and you'll very rapidly have developer data >decent enterprise relationships I guess. 60B worth of "relationships" though?
> hand out free top end model coding access for a bit and you'll very rapidly have developer data They tried this - grok was free on openrouter for a while