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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

#311

Post by kvuj »

ambicapter wrote: post #266
drivebyhooting wrote: post #256

Earlier quoted context omitted.

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.

You could just buy deep out of money SP500 puts expiring in 1+ year. That way you would be "insured" against the bubble popping.

The thing is, every dollar you spend on insurance is a dollar (and its interest) you lose. Furthermore, we don't know when it will pop. 1 year? 5 years?

The more reasonable solution is probably gradually reduce exposure to US markets by selling SP500 shares and turning to Europe and emerging markets ETFs. No need to cash out 401k.

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

#312

Post by numpad0 »

_--__--__ wrote: post #272
numpad0 wrote: post #224

Earlier quoted context omitted.

> 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

No. JP activity was always second to US, only the biggest "out there". Same is true for all Twitter-like social media, such as Mastodon and Bluesky. Even VRChat doesn't have a majority Japanese userbase. Japan actually becoming the top majority anywhere is an anomaly and a major reversal of power balance.

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

#313

Post by noncoml »

kakapo5672 wrote: post #254
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.

Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.

Genuine question, how do you know that without a 10K? Have the filed any document that shows their finances?

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

#314

Post by kube-system »

noncoml wrote: post #307
laughing_man wrote: post #255

Earlier quoted context omitted.

Tesla isn't that profitable, but SpaceX is likely generating boatloads of cash. From what I can tell Starlink alone has a free positive cash flow of about $2 billion. I'm not sure what the launch business is worth, but it's likely a lot given the absence of domestic competition. I have a suspicion the reason Musk wanted to combine SpaceX and X.ai is the latter gives him losses to write off against all that cash from…

[flagged]

There's a few ways

They're prepping for an IPO and there have been some anonymous insider reports of the figures in the press

There are industry estimates

Much of their income comes from public contracts

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

#315

Post by TurdF3rguson »

kakapo5672 wrote: post #254
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.

Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.

SpaceX was profitable before the xAI thing happened. Now I imagine they're way in the red.

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

#316

Post by sheepscreek »

Anyone saying this is an aquahire has it backwards. SpaceX is acquiring Cursor’s customers, all those enterprises including NVIDIA itself. I believe Jenson Huang is on the record about the engineers using Cursor everyday.

As far as I know, xAI’s enterprise market share is non-existent. This is their way to get some much needed customers.

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

#317

Post by glitchc »

robertjpayne wrote: post #243
curuinor wrote: post #236

Earlier 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.

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.

My money's all in Bitcoin pats himself on the back

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

#318

Post by jasonjmcghee »

FpUser wrote: post #128
jasonjmcghee wrote: post #107

Earlier quoted context omitted.

I was a massive jetbrains fan - still believe it's the best IDE even with it's massive performance issues. But I just... barely use an IDE anymore. I think I have the lowest possible subscription price for "all products" you can have (at least as an outsider) and I think I'm going to cancel this year. I've been paying for a decade+

I am subscribed to their all you can eat plan and use their Junie coding agent which is included with subscription with some free tokens. I then pay for extra tokens on on-need basis and all works like a charm. So far I pay (well my clients do as I bill separately for that) about $100 a month to cover my current coding needs. All works as a charm. I mostly use their CLion, Webstorm and PyCharm IDE's for development,…

Once you work somewhere that gives you unlimited opus 4.6 and learn how to use it properly, your perspective of what you should be doing day to day shifts.

Honestly unlimited codex with 5.4 high has a similar effect.

SOTA models + harnesses used together is very different than it was 6 months ago. People that have significant software engineering experience can get so much done it's scary.

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

#319

Post by hooloovoo_zoo »

geertj wrote: post #283
boshalfoshal wrote: post #263

Earlier quoted context omitted.

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?

They also have to replace 20%+ of their satellite network every year.

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

#320

Post by nikcub »

Havoc wrote: post #219
nikcub wrote: post #184

Earlier quoted context omitted.

> 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

And presumably they got data from it...

and then released a model that didn't really leave a mark with code performance
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