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SpaceX to buy Cursor for $60B

reuters.com

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Re: SpaceX to buy Cursor for $60B

#251

Post by frangonf »

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).

I was on Claude Code the past year, now I use chinese models, but I've used Cursor and they have an ok pricing offering today because of their mix of sota models with usage based pricing along with their Kimi based Composer model with generous limits. I think it makes a lot of sense for the enterprise market, which is the real moat, and not the capabilities/features of the forked ide or app/tui/github bot anyone can come up with today.

Re: SpaceX to buy Cursor for $60B

#252

Post by cjrp »

somenameforme wrote: post #250
geremiiah wrote: post #167

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 overwhelming majority of SpaceX holders are institutional. They had planned to allocate 30% to retail, but it ended up in the 20% range as a result of institutional demand. [1] No clue what's going on right now as their stock is going to the Moon. But in any case, I think the people that don't understand why it's doing well are mostly those who are unfamiliar with the space industry. SpaceX has already revolution…

> The main reason humanity hasn't meaningfully started expanding into space is because it used to cost $54,000 to get a liter of water into space.

Am I naive in thinking that we haven't expanded into space because we don't need to? What's the benefit?

Re: SpaceX to buy Cursor for $60B

#253

Post by jimnotgym »

jld wrote: post #202
geremiiah wrote: post #167

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…

While gold has industrial uses, isn't most of its value based on the fact that people like it and believe that it has value?

I was once told bitcoin was a 'pet rock'. Thing is people pay a lot of money for rocks when they have no planned industrial activity for them. Diamonds, for instance.

I think you are spot on. The problem comes if SpaceX goes out of fashion, not its fundamentals.

Re: SpaceX to buy Cursor for $60B

#254

Post by potatototoo99 »

kjksf wrote: post #144
yanis_t wrote: post #42

$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?

Cursor has $4 billion annual revenue rate so $60b is 15 years of future cashflows. That's not crazy because if past predicts the future, that revenue will grow quickly. At $8 billion/year it's just 7.5 years, which is a reasonable investment.

Not annual, annualized. Let's see if people stick to it knowing it belongs to Musk now.

Re: SpaceX to buy Cursor for $60B

#255

Post by criddell »

mixdup wrote: post #244
geremiiah wrote: post #167

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 thing is fundamentals really don't matter. TSLA and SPCX aren't paying dividends so there's no real performance they have to hit, no one is going to miss a dividend payment and dump the stock. The Elong vibes can carry it as long as people keep smoking what he's selling The real question is, when does that run out of steam? When do we wake up to the charade that has built up around us? That's a much bigger thing…

Would you say the same thing about Bitcoin? Will that house of cards all fall in the next crisis/downturn/depression?

Re: SpaceX to buy Cursor for $60B

#258

Post by jimnotgym »

DanielHB wrote: post #222
geremiiah wrote: post #167

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 limits are when companies and institutions start to default on their loans. Or, in the case of governments, trigger hyperinflation by printing money to pay off the debt. Of course it can collapse before that, but if it gets to that point it is guaranteed to collapse.

But that won't happen while the share price keeps going up no matter what. Borrow more, secured against the massive unissued equity, or issue more shares.

Re: SpaceX to buy Cursor for $60B

#259

Post by jimnotgym »

throw310822 wrote: post #217
geremiiah wrote: post #167

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…

As long as there is someone around who is very good at keeping the price inflated (and that in turn also because he did actually deliver extraordinary things, it's not just smoke and mirrors). On the other hand, the fact that BTC has absolutely no intrinsic value can be an advantage over a real company, as it makes it more insulated from reality. Supply chain shock? No problem. Competition? Same. New technologies, po…

USD has no intrinsic value either

Re: SpaceX to buy Cursor for $60B

#260

Post by [deleted] »

shafiemoji wrote: post #158

I honestly don't get why they feel the need to buy Cursor or why OpenAI wanted Windsurf. If it's data you're after, wouldn't it be so much more cheaper to just hire a dedicated team to fork VS code and integrate your own model and give it to the public for free with unlimited usage for a couple of months?

[deleted]
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