Is he bailing out an investor he's connected to?
SpaceX to buy Cursor for $60B
361–370 of 1001 posts
Re: SpaceX to buy Cursor for $60B
#362What does cursor have? An ide and coding orchestration? They are using Claude or codex for llms, so they get acquired for their user base and tooling? Feels like a lot of money for that given Claude has the majority mindshare.
Re: SpaceX to buy Cursor for $60B
#363$60B is a huge price, but buying Cursor gives Musk something xAI has struggled to build: a popular coding product with real developer and enterprise adoption. It may be the fastest way to catch up in AI coding. The real question is whether SpaceX ownership improves Cursor or drives its users away.
I can't imagine that any of the cautious companies or ones with their ear to the ground are going to want to cozy up to cursor with this acquisition; I'd suspect we'd see some exodus as well given the relationship to Musk.
Re: SpaceX to buy Cursor for $60B
#364Ai is great. The bubble will burst. We will keep Ai just like we kept "the internet" after the dot-com bubble, but we still won't buy our pets online. I mean London has pretty good train connections and stations because a bunch of companies repeatedly tried to get rich. Most eventually failed, but we kept the rails. I just hope we get our computers back after this round of gambling.
I’m worried some of the people leading this race will try to entangle the institutional financial giants or even the government to ensure some sort of too big to fail scenario.
There’s an unprecedented amount of money at stake. And the admin has never been so openly and blatantly for sale.
Re: SpaceX to buy Cursor for $60B
#365Here'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…
It's down to the balance between buyers and sellers. If you've got more selling than buying it'll go down but Musk has been remarkably good at keeping the buyers there.
Don't forget the amount of shares released to the market. That impacts the price dramatically as can be seen be all the 'stock buyback' manipulation of stock prices.
Re: SpaceX to buy Cursor for $60B
#366"SpaceX told investors during the IPO process that it sees an addressable market for AI products worth $26 trillion, roughly equivalent to U.S. GDP." This is unhinged.
They are pricing in inflation along with the inevitable money printing that will happen.
Re: SpaceX to buy Cursor for $60B
#367What does cursor have? An ide and coding orchestration? They are using Claude or codex for llms, so they get acquired for their user base and tooling? Feels like a lot of money for that given Claude has the majority mindshare.
People keep saying this but I have yet to find an integrated system that has good tab completion, cheap coding models and works well in an IDE. There are a number of options out there, none of them have captured much market share.
Re: SpaceX to buy Cursor for $60B
#368Are people still using Cursor? I haven't in at least a year but perhaps I'm in the minority.
Re: SpaceX to buy Cursor for $60B
#369Hm, surprised at all the Cursor hate here. Tab complete, at the quality they delivered, was a game changer back in the day. And their current work on Composer is great. Composer is super fast and quality is decent. More competition in the model space always welcome.
HN is a hellhole of either AI hate or hype. The fringes on either side are the loudest.
Re: SpaceX to buy Cursor for $60B
#370What does cursor have? An ide and coding orchestration? They are using Claude or codex for llms, so they get acquired for their user base and tooling? Feels like a lot of money for that given Claude has the majority mindshare.
I dont think so. I strongly prefer cursor over claude code and the composer model is basically unlimited and free also being super fast.
Of all the ai companies out there, anthropic and cursor are the two id invest in.