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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

#331

Post by noncoml »

kube-system wrote: post #314
noncoml wrote: post #307

Earlier quoted context omitted.

[flagged]

There's a few ways They're prepping for an IPO and there have been some anonymous insider reports of the figures in the press There are industry estimates Much of their income comes from public contracts

pointers?

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

#332

Post by dev1ycan »

I am so actually beyond sad that I ever trusted Musk, all the signs were there, from the lies with Tesla to the nonesensical point to point "tourist" lies, to the Mars lies, to the fact that the spaceship they are developing right now requires an actual elevator to get astronauts down, it was never meant for humans, it was meant to deploy sats in space even cheaper, outcompete the competition and basically kill human spaceflight as a result... because less profitable human rated spacecraft won't be viable.

Oh yeah, did I mention how Starlink is literally already in the close to Kessler Syndrome territory? all it would need is for a strong enough solar storm to hit their sats.

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

#333

Post by darth_avocado »

kakapo5672 wrote: post #254
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.

Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.

Im also profitable as an individual. I made a $100 this week, which makes me worth at least $30M.

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

#334

Post by Aurornis »

theahura wrote: post #123

Lots of people in the comments talking about how this is about training data, but surely this is actually about hiring competent people after the mass exodus/firing at xAI?

They could offer $20 million dollar signing bonuses to every Cursor employee if they wanted to hire them away and it would be much cheaper.

They’re buying the customers and the brand.

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

#336

Post by esalman »

_bypa wrote: post #328

Guess I'll be looking for a replacement for Cursor now... Anyone have recommendations? I like the plan/agent mode and the fact that it's an IDE, so I can use it in the traditional way as well as by yapping with a bunch of agents. Also the Cursor rules I've curated and they do their job well.

I briefly used Cursor but stopped and went back to VSCode after the 3.0 rewrite when they ditched it.

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

#337

Post by MangoCoffee »

This is a classic Elon move. He bundled up his company that is, shall we say, crap, into his most valuable company, then tried to hype it up as much as he could. Like when he promised Tesla cars would self drive in X years but it never happened, then pivoted to AI/robots, then re-routed Tesla’s GPUs to xAI, etc.

Cursor might not be the new hotness, but if we believe that agentic coding is the next wave and we’ve gone from asking chatbots to actually using agents for coding, then yes, this move makes sense for Elon to hype up a SpaceX IPO.

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

#338

Post by darth_avocado »

fraggleysun wrote: post #297
kakapo5672 wrote: post #254

Earlier quoted context omitted.

Tesla is profitable, as a matter of public record. And SpaceX is, by all accounts, extremely profitable.

They had like $16B in revenue last year, half from Starlink. That’s just money in the door and the underwriters seem to think the business is worth $1.75T.

If underwriters think it’s worth $1.7T with a $16B revenue (not profit), they’re doing the same thing as the credit agencies did in 2008 by giving underwater mortgage backed securities a AAA rating.

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

#339

Post by acjohnson55 »

zzleeper wrote: post #19

I'm sworn off from Musk-related products, and this will prob make cursor worse (switch to X's LLM for instance). So, any suggestions for switching? Codex; Claude Code? (I like my IDE and I like the freedom to choose a model, which is why I stuck with Cursor even when it felt more expensive)

I use VSCode and Conductor right now.

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

#340

Post by drivebyhooting »

ambicapter wrote: post #266
drivebyhooting wrote: post #256

Earlier quoted context omitted.

Oh yes, thanks for reminding me. I’m going to cash out the 401(k).

You’ll pay massive penalties on that, another option is options (heh) but I’m not finance-literate enough to know how to pull it off.

I’ve made my peace with the “massive penalties”. I benefited from employer match in the past. I want the money now, not when I retire.
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