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SpaceX to buy Cursor for $60B

reuters.com

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Re: SpaceX to buy Cursor for $60B

#131

Post by sigmoid10 »

pavlov wrote: post #84
guidedlight wrote: post #77

Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.

They're getting paid in extremely overvalued stock, so maybe it balances out. This is not really a diss on SpaceX either because a lot of IPOs go through an immediate pop and then 1-2 years of doldrums as lockouts expire and promises aren't quite delivered. Nobody knows what 60 billion in SpaceX stock today will be worth when Cursor insiders finally get to sell (at least a year from now, after other SpaceX insiders h…

Well, the people who bought the SpaceX IPO essentially footed the entire bill here. And they might still make money on it, depending on how the stock goes from here on. I don't see anyone who could lose here, even if the bubble bursts, apart from the Cursor people. And they are likely still going to make a huge amount of money.

Re: SpaceX to buy Cursor for $60B

#132

Post by lotsofpulp »

formvoltron wrote: post #121
guidedlight wrote: post #77

Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.

None of that really matters. What matters is that this has enough "future story value" to keep the few investors invested... allowing for the planned index funds to buy into the overvalued stock & allowing for the largest heist in the history of money. It's become pure hype and drama on the global stock market stage.

Transactions that happen out in the open, with the consent of all parties are not a heist.

Re: SpaceX to buy Cursor for $60B

#133

Post by baggachipz »

techpression wrote: post #98

How 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.

> How are these numbers even working out

You must be new here.

Re: SpaceX to buy Cursor for $60B

#134

Post by manojlds »

resters wrote: post #86
farco12 wrote: post #72

What an incredible outcome for the Cursor team. Hopefully the Cursor + xAI teams working together can produce a competitive frontier model.

Cursor was simply able to get early access to openai models and get an early lead doing things that are now obvious and done better by many others. Does anyone really want to use a crippled "enhanced" vscode to interact with a crippled version of codex or claude code?

This comment reeks of someone who has not used Cursor, at least in 2026.

Re: SpaceX to buy Cursor for $60B

#137

Post by mohamedkoubaa »

tipiirai wrote: post #79
guidedlight wrote: post #77

Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.

Yes. I think Cursor is overvalued, but not to the extent of SpaceX

Maybe it's just the US dollar that is overvalued

Re: SpaceX to buy Cursor for $60B

#138

Post by kjksf »

roxolotl wrote: post #6

Wow they are using 80% of what they raised 4 days ago to buy an IDE. Absolutely incredible.

Per latest reporting, Cursor's current annual revenue rate is $4 billion.

So SpaceX is buying 15 years of future cashflows, assuming no change in revenue. Which is bad assumption given past growth was gigantic.

They are also buying 300-400 employees with proven record of training good coding models.

Their expertise will be used to improve Grok Build coding agent.

Also, they're using stock, not cash, so effectively they doubled the amount of money raised.

Re: SpaceX to buy Cursor for $60B

#139

Post by ing33k »

frays wrote: post #102

Is anyone on HN still actually using Cursor in 2026? Everyone I've spoken with is now using either Claude Code or Codex (or Copilot because their companies force them to).

Yes. Do the heavy lifting in Claude code , Codex.

Basic tasks in cursor. It's decent and damn fast.

All my team members also use it.

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