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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

#281

Post by grepfru_it »

noelsusman wrote: post #237
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.

> There's a reason why xAI has zero enterprise customers

I’m curious where you pull these stats from

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

#282

Post by kube-system »

bko wrote: post #244
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.

[flagged]

> How are any of these companies at all related to Enron?

There's a lot of parallels:

* Circular transactions between companies under the same control

* Using SPVs to keep debt off the books

* The supplier funding its own customer through investment to inflate revenue on both ends

* Valuations driven by a hyped up narrative and decoupled from actual fundamentals

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

#283

Post by geertj »

boshalfoshal wrote: post #263
kakapo5672 wrote: post #254

Earlier quoted context omitted.

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.

SpaceX reuses its boosters 20+ times. Surely the depreciation is tiny when compared to the revenue of 60M+ per launch?

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

#284

Post by vachina »

apsurd wrote: post #145
syntaxing wrote: post #125

60B for Composer 2…that is built from Kimi K2… what ever happened to “Grok being the best”?

Am I the only one that thinks Composer is really good, when you factor in the speed and the cost?

Composer is clearly dumber than the rest but then I only ask it dumb questions and it answers them really quickly.

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

#285

Post by Lonestar1440 »

robertjpayne wrote: post #249
Lonestar1440 wrote: post #213

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…

Cursor has no AI services, they do not develop their own frontier models. I see no reason to understand why $10bn for Cursor's services is an advantage xAI versus say a $10bn deal with Anthropic, OpenAI or Google.

Those other companies wouldn't also toss in a purchase option.

But I agree that it's hard to articulate what Cursor services you could blow this much money on.

Maybe it is all just an option! Or maybe they get a bunch of IP either way?

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

#287

Post by impulser_ »

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.

They have Cursor CLI.

Cursor is essentially all the Claude Code products but without the horrible bugs of Claude Code products.

You can transfer from CLI to web and it actually works.

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

#288

Post by mandeepj »

taspeotis wrote: post #194
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.

Matt Levine writes a bit about this - the Elon Musk Mars Conglomerate. And really if you're investing into e.g. SpaceX you're not investing into SpaceX you're investing into the Elon Musk Mars Conglomerate. And most people seem to want that. Tesla's the odd one out: it's public but it's still in there, although Musk would probably prefer it to be private too.

> Elon Musk Mars Conglomerate

That’s SpaceX’s version of Tesla’s self driving car pipe dream

Edit - I use self-driving car and Autopilot interchangeably

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