291–300 of 1001 posts
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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
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 think you're right. Other providers can offer coding subscriptions that use in-house models, and this sets the stage for a Grok coding plan that's built in to Cursor. $60 billion seems expensive, but it gives them a much better chance at competing in the market than if they started their own harness from scratch.
Anthropic just tolerates the money losing developers who pay $20/$200 for subscriptions.
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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?
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Cursor very reasonably had a “no retention” checkbox available to everyone, including those on free plans.
I'm sure those work as well as the "don't collect my data" checkboxes too.
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We are better now that we learned from the first time.
Learned how to get the general public to directly put their money into it this time with the ETF shenanigans
$50bn for a harness makes no sense, what am I missing?
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.
Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.
That’s just money in the door and the underwriters seem to think the business is worth $1.75T.
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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
S&P 500 includes companies from multiple exchanges. Like Nvidia, which lists on Nasdaq.
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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