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SpaceX to buy Cursor for $60B

reuters.com

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Re: SpaceX to buy Cursor for $60B

#281

Post by rob74 »

petilon wrote: post #228
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…

Michael Burry, a hedge fund investor featured in the book “The Big Short” for his predictions on the 2008 financial crisis, said in a Substack discussion last month that any increase in SpaceX’s stock after its I.P.O. would “be on hype and technicals.” Here, “technicals” means technical analysis signals rather than the company’s business fundamentals. In other words, Burry is saying the stock could rise because of ch…

The hype already starts with the SpaceX SEC filing. According to it, its addressable market is $28.5 trillion, of which $26.5 trillion are AI. This means that every human being who owns a computer on this planet (1.75 billion) would need to spend (on average) over $15.000 on xAI products.

Re: SpaceX to buy Cursor for $60B

#282

Post by pjc50 »

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…

Notably, it looks like the meme power is gradually being redirected from BTC and cryptocurrency in general towards AI and SpaceX in general. Now that people have found a means of consuming vast amounts of computing power that occasionally emits useful output, rather than just a hash and a colossal waste.

Re: SpaceX to buy Cursor for $60B

#283

Post by ceejayoz »

instalabsai wrote: post #275
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…

This is why I think Elon buying Twitter was one of the most strategic decisions he ever made: he quite literally bought the meme machine that upholds the valuations of his companies.

And the government that helps fund and regulate (or not) them.

Re: SpaceX to buy Cursor for $60B

#284

Post by mcintyre1994 »

podgorniy wrote: post #178
verzali wrote: post #104

So that accounts for about three quarters of the money SpaceX just raised then?

> about three quarters of the money SpaceX just raised then? While rest is paid to the debters... Most probably it will be mix of stock/cash

It's all stock

Re: SpaceX to buy Cursor for $60B

#285

Post by justAnotherHero »

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'm still on their old 500 requests/month plan and the value is simply unbeatable for $20. I've been able to use agents without worrying about usage for my job and personal projects paired with the $20 codex sub and I dread the day when they finally get rid of the requests plan.

Re: SpaceX to buy Cursor for $60B

#287

Post by TaupeRanger »

petilon wrote: post #228
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…

Michael Burry, a hedge fund investor featured in the book “The Big Short” for his predictions on the 2008 financial crisis, said in a Substack discussion last month that any increase in SpaceX’s stock after its I.P.O. would “be on hype and technicals.” Here, “technicals” means technical analysis signals rather than the company’s business fundamentals. In other words, Burry is saying the stock could rise because of ch…

Technical Analysis is Astrology, and Burry has predicted 17 of last the last 2 stock market crashes.

Re: SpaceX to buy Cursor for $60B

#288

Post by alpineman »

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…

Sure until retail are forced to sell in an correction. Wealth destruction can happen very fast

Re: SpaceX to buy Cursor for $60B

#289

Post by robeym »

Cursor was my first hands-on experience with AI. I didn't know much about getting set up with specific providers via API, and Cursor made it easy to pick any model, ask a question about some code, and get a clear suggested answer easily viewable in the IDE with an 'accept' or 'reject' button. I think they answered this question well: "How do normal developers want to interact with AI?"

I moved away from Cursor when I noticed the responses from specific models were not as clean or accurate as when I'd prompt the models directly, which was something I didn't know how to do early on. I hypothesized that they had some boilerplate prompt sitting atop of my own, causing less precise or desirable results.

I would assume Cursor is still one of the best options for normal developers to get started with AI, but with Copilot forcing their foot in the door at many companies, I wasn't sure how well it would fare on its own. Being acquired by SpaceX should help, and I'll be interested to follow along and see how things develop.

Re: SpaceX to buy Cursor for $60B

#290

Post by petesergeant »

kamaal wrote: post #273
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…

>>Intuitively, it seems to me that there must necessarily be some kind of upper limit I mentioned this in other thread( https://news.ycombinator.com/item?id=48514481 ), we are at runaway intelligence already. Mostly because we are looping AI to fix problems, and then the same data is used to improve AI. There is no upper limit to this. Taken to its logical conclusion, this process needs a hardware scale that might ev…

> we are at runaway intelligence already. Mostly because we are looping AI to fix problems, and then the same data is used to improve AI. There is no upper limit to this.

I'm an AI booster, but this really doesn't follow. There's absolutely no guarantee that the marginal improvement from this continues to hold.

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