Rockets, satellites, social media, AI - the only thing missing from the SpaceX hype portfolio is a certain coworking company. That would really set them up for an exciting IPO.
what about blockchain?
/s
SpaceX says it has agreement to acquire Cursor for $60B
261–270 of 1001 posts
Re: SpaceX says it has agreement to acquire Cursor for $60B
#262Cursor ($60b) being valued the same as Twitter ($51b inflation adjusted) is _willlld_
Re: SpaceX says it has agreement to acquire Cursor for $60B
#263Every 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.
Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.
SpaceX is _not_ profitable by most reasonable measurements of accounting. If you discount rocket depreciation costs and R&D, then yeah its profitable from starlink revenue.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#264Re: SpaceX says it has agreement to acquire Cursor for $60B
#265Earlier 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.
It reportedly has a $2B ARR, and a 5x multiplier doesn't seem insane to me, but who knows, honestly
But it's paying a 5x ARR multiplier for the right to buy at a 30x multiplier.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#266Earlier quoted context omitted.
They're going to force a S&P500 index listing on IPO day so we're all going to be forced to baghold this regardless of if we want to or not unless you've got $0 in any major retirement fund.
Oh yes, thanks for reminding me. I’m going to cash out the 401(k).
You’ll pay massive penalties on that, another option is options (heh) but I’m not finance-literate enough to know how to pull it off.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#267knee-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…
British? “Cursor have” and “Cursor are” is awkward to read.
Now you know what it feels like to be British reading practically any other English source on the Internet.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#268Earlier quoted context omitted.
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
But imagine if they handed out free access to Kimi or GLM-5. Actually, I still wouldn't use it, because I avoid APIs that say they hold on to data.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#269Earlier quoted context omitted.
Story time please lol
My @valentine got changed to @valentine_ without my consent. https://web.archive.org/web/20150822195811/twitter.com/valen... https://twitter.com/valentine_ (If any lawyers read this and feel up for taking this on contingency, I don't think I'm difficult to contact.)
Wow and it's not even used. I guess they took it to resell on their handle marketplace?
Re: SpaceX says it has agreement to acquire Cursor for $60B
#270Every 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.
Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.
It is less about profitability and more about dilution of ownership. He seems to have a pattern of diluting the ownership of his profitable companies by folding in his less profitable/failed companies. You still own a share of a profitable company, but a smaller share, to his benefit.