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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

#231

Post by bakies »

goolz wrote: post #200
impulser_ wrote: post #92

Earlier quoted context omitted.

Cursor is still the best coding environment and hardness. It's actually not really close. They are so good that they actually made Gemini usable. The problem is they can't compete with Anthropic and OpenAI because they can't sell Opus and GPT at a discount to subscribers like OpenAI and Anthropic do with their subscriptions. So they either need to build a competing model or slowly die.

I personally disagree on the first point. Claude code in a terminal with vim is much nicer. I just don’t see the need for the bloat of an IDE when the CLI versions work so damn well now.

And Claude can use CLI too. It's the perfect environment for coding agents.

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

#232

Post by gpm »

Lonestar1440 wrote: post #213
gpm wrote: post #204

Earlier quoted context omitted.

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

But they also get a whole bunch of AI Services from Cursor. Other comments have noted that xAI has fallen on bad times (idk one way or the other) so perhaps they were going to spend $5B on getting these services elsewhere, anyway. 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…

$1B per month on AI services does not seem remotely plausible to me... Engineers don't consume that many tokens...

And on the AI development side they're the ones providing compute in the form of a "million H100 equivalent Colossus training supercomputer"... On top of the cash.

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

#233

Post by NuclearPM »

Lonestar1440 wrote: post #213
gpm wrote: post #204

Earlier quoted context omitted.

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

But they also get a whole bunch of AI Services from Cursor. Other comments have noted that xAI has fallen on bad times (idk one way or the other) so perhaps they were going to spend $5B on getting these services elsewhere, anyway. 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…

Plausible how? Explain please.

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

#234

Post by floatrock »

martythemaniak wrote: post #165
yungbeto wrote: post #109

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

Because Xurxor is free! If that's not a winning brand, I don't know what is.

Honestly, just shorten it to Xor. That's actually not half-bad dev branding.

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

#235

Post by laughing_man »

jesse_dot_id wrote: post #186

Every time Musk does anything these days, it further reveals the shell game he's playing with his companies. This is going to be an Enron type of story eventually. I truly wish I had a choice to pull my tax money out of this particular subsidy.

I'm not sure I follow, here. What about this makes you think this is a shell game?

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

#236

Post by curuinor »

qzw wrote: post #212

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.

It is adversely selected, but it's not debt, it's equity, so price action can go real fast and nobody will be burned except folks who soberly-or-not opted into this. Everyone _knows_ Elon is the way he is, so nobody will be _surprised_ at things. No surprise, no crisis.

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

#237

Post by noelsusman »

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 wouldn't be surprised if those enterprise relationships evaporate after this acquisition. There's a reason why xAI has zero enterprise customers.

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

#238

Post by CGMthrowaway »

3eb7988a1663 wrote: post #180
JumpCrisscross wrote: post #124

Earlier quoted context omitted.

> endgame is to game the index funds Buying Cursor does nothing for this.

It gives them some amount of paying customer base using AI . That is some magic voodoo you need to sprinkle onto the public sale to get the highest possible price point.

X doesnt yet have a paying customer base using AI?

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

#240

Post by bmitc »

NetMageSCW wrote: post #91
bmitc wrote: post #42

Government subsidized purchase of a private company. Fantastic. All funded by the taxpayer to send rockets to a dead planet and to burn up all the energy on our alive but suffering planet.

Point to any government subsidies for SpaceX - or do you think your salary is a subsidy and everything you do at work is worthless to your employer? SpaceX has paid for contracts to deliver services to the government and those services have saved the government billions of dollars compared to the alternative.

You're claiming that SpaceX has not received governmnent subsidies, grants, and contracts?

> those services have saved the government billions of dollars compared to the alternative

Source? All I can find is some guy saying it.

And it doesn't really matter what they've saved. It doesn't excuse conflicts of interest.

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