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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

#731

Post by [deleted] »

rob74 wrote: post #583
Lonestar1440 wrote: post #195

So SpaceX bought a $60B Option on Cursor, plus a bunch of services, for $10B. If strike date comes and Cursor is in fact worth less than $60B... they can move to acquire it for that price. Or just let it "expire". And if it's worth more, they get a savage good deal. If the services were worth $8B anyway, it's hard to lose. It seems less crazy to me through this lens. A straight acquisition, today, at $60B would in fa…

What's crazy is that a company that sells an IDE (that's not even a particularly good one compared to competitors like JetBrains) integrating some AI plugins could be worth more than $60B...

[deleted]

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

#732

Post by nguyentranvu »

rob74 wrote: post #583
Lonestar1440 wrote: post #195

So SpaceX bought a $60B Option on Cursor, plus a bunch of services, for $10B. If strike date comes and Cursor is in fact worth less than $60B... they can move to acquire it for that price. Or just let it "expire". And if it's worth more, they get a savage good deal. If the services were worth $8B anyway, it's hard to lose. It seems less crazy to me through this lens. A straight acquisition, today, at $60B would in fa…

What's crazy is that a company that sells an IDE (that's not even a particularly good one compared to competitors like JetBrains) integrating some AI plugins could be worth more than $60B...

> What's crazy is that a company that sells an IDE (that's not even a particularly good one compared to competitors like JetBrains) integrating some AI plugins could be worth more than $60B...

yes. plus $2b ARR, 1m DAU

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

#735

Post by edg5000 »

sigmoid10 wrote: post #630
ozim wrote: post #610

Earlier quoted context omitted.

In terms of IDE yeah it is not that great. I do have Copilot in VSCode and Cursor. I thought both should be equal in solving problems - turns out Cursor with the same model selected somehow was able to solve tasks that Copilot would get stuck or run in loops. They have some tricks on managing file access that others don’t.

Cynics on HN easily dismiss AI service wrappers (and many of them are in fact overblown and not worth their own code). But writing a genuinely good harness with lots of context engineering and solid tool integration is in fact not that easy. The biggest issue is that model providers also see what the community likes and often move on with their own offerings that are tailored to their own models, potentially at the t…

> (...) writing a genuinely good harness with lots of context engineering and solid tool integration is in fact not that easy.

This. They are after the harness engineering experience of the Cursor people, I'd assume the they want to absorb all that into Grok's offerings.

The value and the room for innovation on the harness side seems to be underestimated.

Oddly the harness also affects model training, since even GLM/Z.ai for example train (I suspect) their model on the actual Claude Code harness. So the choises made by harness engineers affects the model. For Kimi/Moonshot and OpenAI the company makes their own harness. Alibaba uses Gemini.

Very interesting dynamics.

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

#736

Post by RyanHamilton »

Chrisszz wrote: post #726
alvis wrote: post #678

Earlier quoted context omitted.

can't X recreate one with 1B? As an IDE, honestly I can't even understand it needs more than 1M to create

It's not about the tech, it's about the pool of users that use Cursor, by acquiring Cursor you get a bunch of users + subscribed and already paying pool of people instead of just rebuilding something from scratch and convincing people to change their tools with a new one

Is it about the users or the data the users generate. Pretty easy to see the day devs are replaced by the data they themselves generated. Companies are only going to get one chance to grad this data. Similar to the internet cutoff.

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

#737

Post by s08148692 »

rob74 wrote: post #583
Lonestar1440 wrote: post #195

So SpaceX bought a $60B Option on Cursor, plus a bunch of services, for $10B. If strike date comes and Cursor is in fact worth less than $60B... they can move to acquire it for that price. Or just let it "expire". And if it's worth more, they get a savage good deal. If the services were worth $8B anyway, it's hard to lose. It seems less crazy to me through this lens. A straight acquisition, today, at $60B would in fa…

What's crazy is that a company that sells an IDE (that's not even a particularly good one compared to competitors like JetBrains) integrating some AI plugins could be worth more than $60B...

the IDE has little value

What they want is the massive user base, the data (Cursor has a lot of high quality coding data for training), the teams expertise in coding models and agents, and the Composer models

60 billion is a large number but these frontier labs are burning billions a month in compute alone, and SpaceX is IPOing soon so they'll have a lot of cash to spend

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

#738

Post by hsbauauvhabzb »

pjc50 wrote: post #599
fy20 wrote: post #496

Earlier quoted context omitted.

They changed that recently, you need to be paying €10/mo for that now. The free plan and/or access for the basic Twitter plan are gone.

That doesn't make it better! It did somehow slow down the regulatory response because politicians are dumb, though.

You’ve obviously never attempted to complete a purchase while working under a regulatory body, required to test the theory.

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

#740

Post by garganzol »

noelsusman wrote: post #237
nikcub wrote: post #94

knee-jerk is that it's weird, but makes sense: * X will have a total of ~2GW of GPU sometime this year largely not doing much outside of 'grok is this true' * despite no longer being in vogue with consumer devs Cursor still has a lot of developer data that can assist in building a model * Cursor have decent enterprise relationships (while for xAI it is ~zero) and that's where the real revenue for llms + agents is * C…

I wouldn't be surprised if those enterprise relationships evaporate after this acquisition. There's a reason why xAI has zero enterprise customers.

For Enterprises it's way easier to delist Cursor from the list of used tools than to have a relation with someone known publicly for neofascist aspirations.

xAI is not, and was not that bad, it's just everybody ignores it for anything serious due to obvious reasons.

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