paying 60bn for a dev team that wrapped vs is insane.
How about paying 60 billion for a bunch of enterprise contracts?
SpaceX to buy Cursor for $60B
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Re: SpaceX to buy Cursor for $60B
#92this is financial engineering to increase ARR temporarily, feels like next year Elon will dump lots of stocks
Re: SpaceX to buy Cursor for $60B
#93Cursor's value add as a developer seems much slimmer than the 60bn price tag justifies, but I guess they have a lot of data from the non private usage which bumps the value up?
The product itself is practically a vscode wrapper with Agent implementation and K2.5 forked model (composer).
Re: SpaceX to buy Cursor for $60B
#94Good timing because they are paying with SpaceX shares which are at a crazy high valuation right now (compared to just a few days ago)
Re: SpaceX to buy Cursor for $60B
#95It's absurd. let's mark it down.
Re: SpaceX to buy Cursor for $60B
#96In related news, I'm open to suggestions for coding agent harnesses.
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Re: SpaceX to buy Cursor for $60B
#97It's been fun, bye
Re: SpaceX to buy Cursor for $60B
#98How are these numbers even working out, I get free markets and all that, but Microsoft paid 2.5B for Minecraft, which was printing money at the time (seems they still lost on that deal).
Now a rocket company is buying an editor company for 60B and everyone seems to think that makes sense.
I’m happy to be old man yelling at clouds here because I can’t for the life of me figure out these valuations and purchases.
Re: SpaceX to buy Cursor for $60B
#99Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
Grok needs a coding environment play to match Claude Code - that's what this is.
And AI companies are not short of capital.
Re: SpaceX to buy Cursor for $60B
#100I wonder where they will take this, if they'll use the Cursor team to help make Grok Build (which is not just a tool like Claude Code, but an actual Grok model too) more refined for programming? Would make sense to me, and in turn also provide Cursor with more compute they can use.
It also provides xAI with a pre-existing enterprise distribution channel. At the end of the day, distribution is equally as important as the underlying product itself and in some cases is even more critical.
No company that uses Cursor now is going to be ok with using xAI models.