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Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…
the IPO raised $85B and they just spent $60B on Cursor. If this was the intention it should have been in a disclosure Edit: I see SpaceX did disclose
$60B cash? Too much.
$60B SPCX stock? Why so low.
$60b is crazy. Cursor is an extension for VS Code, a harness and a bunch of prompts. They have their own model (Composer 2) which is based Kimi K2.5, but I don't think SpaceX would be interested in it. If they need a harness for grok, they could fork PI. What are they after for here? Customer base? Talent?
My hot take is that it will probably be like the OS landscape:
- Some established enterprise option (Windows)
- Quality secondary option for professionals (OS X)
- Super users / nerds / tinkerers (Unix flavors)Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
Cursor was nice when I was still meticulously hand coding my stack, fantastic autocomplete. With today's top models, I barely write code myself, just review commits. Cursor eats Opus credits like there is no tomorrow. Composer has been a net negative in my experience. All in on Codex with GPT 5.5 on high using /fast.
Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…
This is not true.
BTC is way more sane than SpaceX as can be seen by it's history so far.
Those Mars bases are getting closer and closer.
Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
No, look a Composoer 2, it stands out starkly on its own in the pareto frontier on low cast and fast models. Composer 2.5 was a huge leap with minimal compute from xAI. They can compete with OpenAI and anthropic with xAI scale compute. They have a top notch model team and incredible training data and huge enterprise costumer contracts.
For someone who is new to agentic code or is generally somewhat junior, Cursor is very easy to get started with and is generally fairly frustration-free.
I use a cheap $20 subscription mostly for occasional use of Opus and Composer.
SpaceX made a smart move here. Someone else should have really seen the opportunity and bought them.
Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.