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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

#191

Post by throwaway85825 »

manquer wrote: post #143
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.

It is not cash though. SpaceX does not have $60B liquid cash instruments. More accurately it is 3.4% of SpaceX at the last rumored valuation of $1.75T.

There's not going to be $60B of exit liquidity if/when spacex IPOs. Maybe the suckers will be banks lending against the bubble valuation.

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

#192

Post by brightball »

calmoo wrote: post #64
Lermatroid wrote: post #47

Earlier quoted context omitted.

AFAIK cursor is basically the only player right now not subsidizing tokens out the ass, and has been seeing solid growth across individual and enterprise with almost every model performing best in their harness. Not sure how that’s a serious decline.

On the contrary, anecdotally, myself and every engineer I know have switched fully from cursor to claude code since the start of the year. I now use zed with cc. I personally could not stand the buggy mess and constant UI changes of cursor. It’s also not good value in terms of claude tokens compared to claude code.

What sold you on Zed?

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

#193

Post by muyuu »

bastawhiz wrote: post #78
sippeangelo wrote: post #74

That's a hefty payday for a model that barely functions! Every time I run out of API credits and get kicked back to Composer 2 I feel like I'm better off just packing up for the rest of the month. I feel like we're finally at a point where you don't have to constantly argue with and constantly babysit coding models, which makes it even more frustrating when you're suddenly forced to deal with one that ignores your in…

I doubt they're buying it for Composer, I imagine they're buying it for the agent harness. It's arguably the best non-Anthropic agentic coding harness, and you get _all the models_ for one subscription price.

Maybe vertical integration is the main business case.

A controlled environment to determine effort and token usage, and to get plenty of exclusive training on code.

It could end up making sense. Idk if they needed to offer 60B though.

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

#194

Post by taspeotis »

jesse_dot_id wrote: post #186

Every time Musk does anything these days, it further reveals the shell game he's playing with his companies. This is going to be an Enron type of story eventually. I truly wish I had a choice to pull my tax money out of this particular subsidy.

Matt Levine writes a bit about this - the Elon Musk Mars Conglomerate. And really if you're investing into e.g. SpaceX you're not investing into SpaceX you're investing into the Elon Musk Mars Conglomerate. And most people seem to want that.

Tesla's the odd one out: it's public but it's still in there, although Musk would probably prefer it to be private too.

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

#195

Post by Lonestar1440 »

So SpaceX bought a $60B Option on Cursor, plus a bunch of services, for $10B.

If strike date comes and Cursor is in fact worth less than $60B... they can move to acquire it for that price. Or just let it "expire". And if it's worth more, they get a savage good deal. If the services were worth $8B anyway, it's hard to lose.

It seems less crazy to me through this lens. A straight acquisition, today, at $60B would in fact be crazy.

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

#198

Post by therobots927 »

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.

It makes you wonder how much of this is essentially money laundering.

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

#199

Post by moralestapia »

jeffgreco wrote: post #159
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.

A crazy and lucky bailout for Cursor + investors.

Which includes OpenAI, btw.

Not just OpenAI, but OpenAI and OpenAI[1].

1: https://cursor.com/blog/series-a

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

#200

Post by goolz »

impulser_ wrote: post #92
sippeangelo wrote: post #74

That's a hefty payday for a model that barely functions! Every time I run out of API credits and get kicked back to Composer 2 I feel like I'm better off just packing up for the rest of the month. I feel like we're finally at a point where you don't have to constantly argue with and constantly babysit coding models, which makes it even more frustrating when you're suddenly forced to deal with one that ignores your in…

Cursor is still the best coding environment and hardness. It's actually not really close. They are so good that they actually made Gemini usable. The problem is they can't compete with Anthropic and OpenAI because they can't sell Opus and GPT at a discount to subscribers like OpenAI and Anthropic do with their subscriptions. So they either need to build a competing model or slowly die.

I personally disagree on the first point. Claude code in a terminal with vim is much nicer. I just don’t see the need for the bloat of an IDE when the CLI versions work so damn well now.
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