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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

#771

Post by thegreatpeter »

PurpleRamen wrote: post #758
dminik wrote: post #748

Wow. Tech CEOs and investors have completely lost touch with what money really is worth. How is a VSCode fork and a open weight LLM fine-tune worth $60B? One would think Elon would learn his lesson after overpaying for Twitter and then having to merge his failures together to stay afloat. But no, more cash into the burning pile.

I don't think it's about worth any more at this point; it seems more about money laundry and manipulating the market. They are shifting power between each other and create an illusion of a healthy economy, not carrying about the damage they create for everyone else.

[flagged]

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

#772

Post by simgt »

dminik wrote: post #748

Wow. Tech CEOs and investors have completely lost touch with what money really is worth. How is a VSCode fork and a open weight LLM fine-tune worth $60B? One would think Elon would learn his lesson after overpaying for Twitter and then having to merge his failures together to stay afloat. But no, more cash into the burning pile.

Yes, and Whatsapp was just a messaging app with a stupid Erlang backend. These deals are not about the tech, they buy the business, that includes the brand and the user base. Whether we think it's worth that amount is indeed up for discussion.

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

#774

Post by utopiah »

MikeNotThePope wrote: post #698
utopiah wrote: post #684

Surely you mean xAI right, surely it's a typo? Right...? The same "mistake" that SpaceX bought 10% of Tesla CyberTruck? Wait are they all Musk's companies? Is it a pattern? /s obviously

Both statements would be correct. SpaceX bought xAI a couple months ago. Some random article on the topic: https://www.bbc.com/news/articles/cq6vnrye06po

Damn, I somehow managed to miss that. Not sure if that's more ridiculous or not but thanks for the clarification!

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

#775

Post by orphea »

tombert wrote: post #455
zacyungblut wrote: post #379

Earlier quoted context omitted.

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.

My employer pays for Cursor and Claude but not Codex. I often find Claude dumb (yes, even Opus), thus I'm using Cursor with GPT-5.4. If you have Codex, you don't miss anything.

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

#776

Post by acdha »

dminik wrote: post #748

Wow. Tech CEOs and investors have completely lost touch with what money really is worth. How is a VSCode fork and a open weight LLM fine-tune worth $60B? One would think Elon would learn his lesson after overpaying for Twitter and then having to merge his failures together to stay afloat. But no, more cash into the burning pile.

Buying Twitter played a key part in getting Trump re-elected, so I think Musk figures he got what he wanted in terms of deregulation, dropped prosecution, and damage to his political opponents.

This deal is different: SpaceX is heading for an IPO which is now complicated by xAI becoming a subsidiary. Cursor is actually popular and I’m sure this is all stock-based so as long as investors believe that those users stick to xAI it’ll juice the entire SpaceX IPO. I am skeptical but these days the market seems to be driven by a country-club full of guys in Connecticut who are constantly hyperventilating on X so maybe from that angle it’s just another way he’s getting what he wanted from Twitter.

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

#777

Post by ozim »

Cthulhu_ wrote: post #640
ozim wrote: post #610

Earlier quoted context omitted.

In terms of IDE yeah it is not that great. I do have Copilot in VSCode and Cursor. I thought both should be equal in solving problems - turns out Cursor with the same model selected somehow was able to solve tasks that Copilot would get stuck or run in loops. They have some tricks on managing file access that others don’t.

Sure, but is it worth 60 billion?

Definitely not if someone frames it "shitty IDE with some plugins".

But if someone frames it "engineering talent that knows how to make LLMs even better at software development than competition" it might.

I see with my own work it works so it is not like Devin that was basically a scam that was valued at 10 billion.

In this kind of context yeah feels like it is quite possible to be worth 60 billion.

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

#778

Post by Bilal_io »

nikcub wrote: post #184
Havoc wrote: post #178

Earlier quoted context omitted.

You've literally got tools like opencode that are MIT licensed. Most of those points X could do on their own or are things that make this attractive for cursor not X. e.g. Need developer data? Use some of that spare GPU compute, hand out free top end model coding access for a bit and you'll very rapidly have developer data >decent enterprise relationships I guess. 60B worth of "relationships" though?

> 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

It's more useful to have access your full code base compared to having access to only your input and the output they generate.

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

#779

Post by pdantix »

throwaw12 wrote: post #760
andsoitis wrote: post #759

Earlier quoted context omitted.

> How is a VSCode fork and a open weight LLM fine-tune worth $60B? Ignoring future business ideas, Cursor reported reached $2 billion+ annualized revenue run rate in 2026, doubling from 2025. Recent financing rounds reached high-end valuation between $30 billion and $50 billion.

a lot of companies I know are cancelling Cursor in favor of Claude Code or Codex because they already have VSCode or IntelliJ for edits

yeah i just canceled my cursor sub and switched back to vscode. work pays for my claude max sub, no point paying for cursor anymore when i can just use openrouter every few months to test other models if i want

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

#780

Post by tart-lemonade »

handfuloflight wrote: post #557
ValentineC wrote: post #259

Earlier quoted context omitted.

My @valentine got changed to @valentine_ without my consent. https://web.archive.org/web/20150822195811/twitter.com/valen... https://twitter.com/valentine_ (If any lawyers read this and feel up for taking this on contingency, I don't think I'm difficult to contact.)

Did you actually own it though, per their TOS? What title was granted, if so? Also, and no offense intended truly, I think your having a grand total of 2 followers after 19 years was apart of their risk calculus in this seizure.

Twitter's official position is that accounts/usernames are not assets of their users (this isn't an Elon-era argument, from what I understand). I found this out when they argued in Alex Jones' bankruptcy hearings that his account should not be repossessed/auctioned off, an argument Alex supported since that's where he's been moving his audience over to to keep the cash rolling in no matter what happens.

https://fortune.com/2024/11/27/x-twitter-elon-musk-account-o...

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