Musk must be chronically surrounded by yes-men.
SpaceX says it has agreement to acquire Cursor for $60B
271–280 of 1001 posts
Re: SpaceX says it has agreement to acquire Cursor for $60B
#272Earlier quoted context omitted.
I think X paid for itself, so it worked our for him.
> Nikita Bier @nikitabier > > If you’re seeing a bunch of Japanese posts, here are some fun facts: > Japan has more daily active users and more time spent on X than any other country in the world. > Over two thirds of the country is monthly active on X. > X in Japan has one of the highest penetration rates of any social network in history. I wouldn't be so sure when "any other country except US" usually apply to ever…
I'm pretty sure that claim about Japanese Twitter activity was true for most of the site's history pre acquisition
Re: SpaceX says it has agreement to acquire Cursor for $60B
#273Earlier quoted context omitted.
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.
Friendly reminder that SpaceX is going straight to the index—Elon agitated for it. The 401k of everybody in America is serving as a bailout fund for X and now cursor, and whatever other trash he hovers up
They are going straight to the Nasdaq. Most index investors are invested in the S&P 500
Re: SpaceX says it has agreement to acquire Cursor for $60B
#274Every 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.
As was Enron
Re: SpaceX says it has agreement to acquire Cursor for $60B
#275[deleted]
Re: SpaceX says it has agreement to acquire Cursor for $60B
#276Earlier 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…
$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.
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Re: SpaceX says it has agreement to acquire Cursor for $60B
#277I 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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Re: SpaceX says it has agreement to acquire Cursor for $60B
#278Every 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.
Tesla’s profits and market share has been declining for the past few years and it’s basically an overpriced meme stock.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#279[dead]
Re: SpaceX says it has agreement to acquire Cursor for $60B
#280Every 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.
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Words do mean something, and you could have taken 5 minutes of research to make a reasonable counterclaim
Tesla has an insane PE ratio because it’s a casino stock (~350x). As a comparison, NVIDIA IS 40x. SpaceX Is projected to be 300-500x. These are fantasy, completely unrealizable valuations. Similar to Enron, and Enron was over 70x. Enron wasn’t some surprise either.
Typically when PE gets out of whack, market analyzers dig into what is happening because it’s usually chicanery. No longer. Everyone is along for the ride.