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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

#451

Post by 93po »

miffy900 wrote: post #162
Rapzid wrote: post #130

Wow, we are seeing the dark underbelly of the beast here. Nobody talks about cursor anymore for a reason. Look, I'm not saying it's not useful and discounting anyone getting value out of it... But it's clearly not worth 60B dollars in April 2026.

Yep. there's absolutely no way that Cursor is worth that much. for contrast, Elon paid $44b for twitter back in 2022. When you adjust for inflation, Twitter was acquired for $49b in 2026 money. Cursor getting bought for 1.22x more is just insanity. Elon seems unwilling to shake off the image that he has basically no idea what he's doing.

Elon Musk, the richest person on the planet, with multiple industry-changing companies built under his leadership, clearly has no idea what he's doing.

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

#452

Post by plugger »

chatmasta wrote: post #361
fraggleysun wrote: post #297

Earlier quoted context omitted.

They had like $16B in revenue last year, half from Starlink. That’s just money in the door and the underwriters seem to think the business is worth $1.75T.

They are decades ahead of their nearest competition, in multiple verticals, and their barrier to entry is a literal gravity well.

BO has entered the chat New Glenn and are arguably equal to Super Heavy given they've also recovered and reused their heavy booster.

I think you're going to be surprised at the level of competition BO provides SpaceX in the Artemis program.

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

#453

Post by jamiequint »

SpicyLemonZest wrote: post #434
jamiequint wrote: post #398

Earlier quoted context omitted.

It's so pipe-dreamy that I used it for an hour today through SF rush hour traffic. Clearly never going to work though, right? right???

Did you follow Tesla's published instructions on how to use it ( https://www.tesla.com/ownersmanual/modely/en_us/GUID-2CB6080... )? You're explicitly forbidden, for example, from assuming that it's going to make the right decision at intersections; you must manually inspect each intersection and evaluate whether it's "safe and/or appropriate" to continue. You're also not allowed to look away from the road or use your…

Your claim was that the product doesn't work, and I'm telling you it works without intervention consistently and in complicated traffic situations.

Any argument about how people don't pay enough attention since it isn't yet certified as a L4 system is irrelevant and tangential to the point.

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

#454

Post by sailfast »

jjordan wrote: post #304
tombert wrote: post #166

I was required to use Cursor for my job when I first started, but once I figured out how to use the command line version of Codex, I kind of stopped seeing the point. It just kind of seemed like a bloated, overpriced wrapper around what I could do with the included ChatGPT membership I already had for work. Maybe I was missing something, but I do not understand how it is worth sixty billion dollars.

It's not. It's a glorified code editor with no moat. Those are (massive) bubble prices.

I mean, technically they also re-sell AI tokens. Unsure if that’s with a markup or a discount.

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

#455

Post by tombert »

zacyungblut wrote: post #379
jjordan wrote: post #304

Earlier quoted context omitted.

It's not. It's a glorified code editor with no moat. Those are (massive) bubble prices.

Glad I’m not the only one who feels this way. Even though I personally use Cursor, there’s no way it’s even a fraction of $60B

Why do you use it? Genuine question, I want to know what I'm missing.

I guess I don't really understand what it buys you over just running vanilla VS Code and Codex.

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

#456

Post by 4dsf »

omcnoe wrote: post #357
gpm wrote: post #204

Earlier 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.

Problem is basically, that if the option works out (Cursor truly has the talent to train a frontier model on SpaceX's infrastructure, and were simply lacking the infra before) the fair price would be way way more than $60B. OpenAI tried to acquire Windsurf last year for $3B and couldn't.

Seems like Elon's move is two fold

1) A gamble based on cursor's compute constraint 2) if 1) plays out, he can purchase cursor via shares of spaceX over valued shares, at a fixed price should the valuation increase.

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

#457

Post by sroussey »

chatmasta wrote: post #361
fraggleysun wrote: post #297

Earlier quoted context omitted.

They had like $16B in revenue last year, half from Starlink. That’s just money in the door and the underwriters seem to think the business is worth $1.75T.

They are decades ahead of their nearest competition, in multiple verticals, and their barrier to entry is a literal gravity well.

All the money they are burning is for grok. And it is not decades ahead.

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

#460

Post by Helloworldboy »

qzw wrote: post #212

I 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.

[dead]
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