241–250 of 1001 posts
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…
“Cursor have” and “Cursor are” is awkward to read.
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.
We are better now that we learned from the first time.
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.
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.
Earlier quoted context omitted.
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.
I didn't say it was Wise.
I said it seems within possibility for this, very particular, corporation.
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.
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?
DM me if you want an invite. I am keeping it to a small on purpose.
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…
60B. That's a completely crazy price. Great for Cursor, I guess. If it happens, that is.