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SpaceX to buy Cursor for $60B

reuters.com

731–740 of 1001 posts

Re: SpaceX to buy Cursor for $60B

#731
post #25

>> 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. I very much can imagine a future documentary in a few years. With the host asking the audience: "Where were the signs?"

Maybe they can monetize and trade AI tokens like Enron was going to trade bandwidth?

Market maker for AI tokens. Now that’s an original idea!

Re: SpaceX to buy Cursor for $60B

#732

> "In its IPO filing, the company had said Cursor's access to developers' data, including coding requests and design decisions, could help improve its AI models such as Grok." They're all stealing your IP and selling it back to your competitors in the form of tokens.

Quit posting trashing. This isn't theft.

Re: SpaceX to buy Cursor for $60B

#734

A space company is buying an IDE for roughly the cost to build 150 of world's most expensive modern hospitals [1]. How is this in SpaceX's interest? Isn't it kinda bizarre that Elon is pivoting SpaceX to something else? 1. https://www.cnbc.com/2026/06/16/spacex-spcx-cursor-acquisiti...

Giving retail traders a reason to turn their life savings into exit liquidity

Re: SpaceX to buy Cursor for $60B

#735
Another grab, I wonder there has to be something that someone pays $60B for, but my question is: I often struggle to understand why someone needs it. Is it extra plumbing and easement around code development or paying base?

Re: SpaceX to buy Cursor for $60B

#736

> "In its IPO filing, the company had said Cursor's access to developers' data, including coding requests and design decisions, could help improve its AI models such as Grok." They're all stealing your IP and selling it back to your competitors in the form of tokens.

No one is stealing anything here. Cursor users are willfully providing it by using their product. Not unlike uploading a personal photo or video to social media -- that's not yours anymore. You gave all rights away when you put it on their servers.

> Not unlike uploading a personal photo or video to social media -- that's not yours anymore. You gave all rights away when you put it on their servers.

99% of users are unaware of that, so it’s false to say they "are willfully providing it".

Re: SpaceX to buy Cursor for $60B

#739
post #480

Earlier quoted context omitted.

If only the shareholders had any kind of voice - if only it was illegal to issue a fake IPO where you sell an overwhelming number of shares stripped of their voting power - if only the market responded rationally to this boondoggle. If we're going to right the ship in turn of common sense a bunch of people need to lose a bunch of money, I just hope it doesn't mostly hit passive investors and instead lands mostly on E…

How is it legal to have different share classes? You could make 100 shares that can vote and then sell 99.9% of the company while maintaining full control. Seems strongly against the spirit of a publicly traded company

There's some companies (Snap being one of them) where certain classes of shares have NO voting rights. If you think SpaceX is lopsided, look at Snap's shares. They have A, B, and C class. The founders of Snap own 95% of the voting through their Class C shares... literally only pre-IPO folks have any voting rights.
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