I don't understand why a space company should buy a glorified IDE?
SpaceX says it has agreement to acquire Cursor for $60B
801–810 of 1001 posts
Re: SpaceX says it has agreement to acquire Cursor for $60B
#802Wow. 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.
> How is a VSCode fork and an open weight LLM fine-tune worth $60B? Corporate contracts. A lot of companies have signed onto Cursor. xAI has a pretty toxic brand with Elon and the nonconsensual sexual images scandal. xAI has a ton of compute and few corporate customers. Now they have a ton. > One would think Elon would learn his lesson after overpaying for Twitter I think he took over Twitter to control what people u…
> xAI has a ton of compute and few corporate customers. Now they have a ton.
For now, perhaps. I work with numerous companies who refuse to do business with his brands.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#803Wow. 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.
WhatsApp had real network effects built in, and network was the moat. Don’t think Cursor has any real moat.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#804Earlier quoted context omitted.
Honestly couldn't tell you anymore; a year ago I was using AI autocomplete, but today AI is writing all code for me.
Seriously this is such a common response and it is such an annoying response. Yes I need an IDE. Yes I still find ai autocomplete to be useful. That's why I asked about alternatives for Cursor autocomplete.
You asked him and he replied
Re: SpaceX says it has agreement to acquire Cursor for $60B
#805Earlier quoted context omitted.
> How is a VSCode fork and an open weight LLM fine-tune worth $60B? Corporate contracts. A lot of companies have signed onto Cursor. xAI has a pretty toxic brand with Elon and the nonconsensual sexual images scandal. xAI has a ton of compute and few corporate customers. Now they have a ton. > One would think Elon would learn his lesson after overpaying for Twitter I think he took over Twitter to control what people u…
> xAI has a ton of compute and few corporate customers. Now they have a ton. For now, perhaps. I work with numerous companies who refuse to do business with his brands.
Yes, I think getting value for money here relies on a lot of corporate inertia. Which, to be honest, is usually a good bet.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#806Earlier 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.
Cynics on HN easily dismiss AI service wrappers (and many of them are in fact overblown and not worth their own code). But writing a genuinely good harness with lots of context engineering and solid tool integration is in fact not that easy. The biggest issue is that model providers also see what the community likes and often move on with their own offerings that are tailored to their own models, potentially at the t…
There are plenty of harder things in the world and very few are worth 60B.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#807Of all Musk’s “companies” this makes least sense to me. xAI is at least in the AI space, X.com is a true tech company and Tesla is also closer to AI than SpaceX.
Guess SpaceX is the only one with the money “available”.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#808Earlier quoted context omitted.
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
A lot of enterprises were doing that but now they hit the 150 user limit on Claude and are paying seat+api rates. Codex is still going strong but it’s hard to imagine they won’t do similar eventually. So now im honestly hearing a lot more folk stick it out with cursor while waiting for the dust to settle.
>A lot of enterprises were doing that but now they hit the 150 user limit on Claude and are paying seat+api rates.
A lot of enterprises use Github Copilot which has per-request pricing model which effectively means unlimited tokens which eliminates this issue.
Re: SpaceX says it has agreement to acquire Cursor for $60B
#809Wow. 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.
You have to look at it now like cryptocurrency “market cap” numbers. It’s more of a marketing tool than anything. This is just another honking whirlygig to bolt onto the SpaceX IPO to try and generate exit liquidity
Re: SpaceX says it has agreement to acquire Cursor for $60B
#810Wow. 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.
> 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.
“annualized revenue run rate” is a bogus accounting term. It’s like taking a paycheck and multiplying it by 365. Notice the complete lack of any mention of profits.