alt Hacker NewsSpaceX says it has agreement to acquire Cursor for $60B
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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.
So I won’t use stuff by Elon Musk, what is the next best alternative please
A text editor?
xAI is working on virtualizing white collar workers. I'm guessing this is part of that.
See also: companies buying up the Slack and email archives of defunct startups, for training data.
See also:
https://www.reuters.com/technology/spacex-says-it-has-option...
Personally, I have been granted the option to buy Tesla for $30 trillion by the end of this year or pay $500 billion for a partnership. It'll all happen, I swear.
I really don't know what Elon is thinking here because SpaceX's IPO is already precarious, for several reasons:
1. It was used to rescue himself and key investors from overpaying for Twitter, which was first rescued through xAI (and I don't know why anyone thought investing in xAI was a good idea but here we are). If our regulators weren't defanged, this deal would've gotten alot more scrutiny (IMHO). Whatever the case, this is all diluting the SpaceX business for overpriced AI vaporware;
2. From what I can find, SpaceX's revenue in 2025 was ~$18B with a $5B loss. That doesn't sound like a $1.5T+ company to me;
3. The markets are being rigged to make the IPO a success by changing the rules to force passive funds to buy into it with a tiny float (5% instead of the normal 25%); and
4. Here's the big one. I think Starship is a badly designed program that's going to take many billions more to complete and commercialize. There's not really a market for bigger payloads (evidence: ~1 Falcony Heavy launch per year) and STarship will effectively have to compete with Falcon 9 at a time when reusable alternatives (eg from the Chinese as well as Blue Origin) are coming to market.
these valuations are total madness
Ohh it’s not an acquisition, it’s right to buy later for $60B or we a work together for $10B. Huh?
Dude, cursor's not even worth a billion.
Can't wait for this idiotic bullshit bubble to burst.
A rocket company buying a so so overvalued coding AI company is a joke even worse than the 2000s internet pet food companies were
really happy for the Cursor team but at the same time disappointed that the biggest non-lab AI company couldn't exist on their own.
shows how intense the power laws are around ai and how much of a capital game it is.
Okay, now how do I cancel/refund the remaining portion of my pre-paid year subscription? No way in hell I will support a company owned by Elon Musk.
Musk must be chronically surrounded by yes-men.
Another one bites the dust.
Government subsidized purchase of a private company. Fantastic. All funded by the taxpayer to send rockets to a dead planet and to burn up all the energy on our alive but suffering planet.
another 60 billion to save a failed AI endeavor.
My Hair's on Fire! OMG, Republicans Capitalist OMG Pigs! OMG!
lol. Top business genius being a genius again, I see.
The real question is how the fuck is cursor worth $60B
Only 1.5 Twitters. Sort of pathetic!
I imagine none of us had this on our bingo cards.
If this is an acquihire, it doesn't compute for me (though I can't say I understand how things work in the world of the 60B level). LLMs are new enough that nobody has a big enough headstart to warrant a 60B personnel change.
The IPO angle also doesn't make sense. Musk cultists were gonna buy anyway; this doesn't change that. And for everyone else, who wants to pay down debt on an acquisition whose effect will almost certainly not be palpable in mainstream circles, if at all?
I don't fully understand the influence that comes with SpaceX subsidies and government contracts, but I gotta believe that rounding up non-lab AI chops are on that agenda?
The exact options - 60B for acquisition (obviously not a cash deal, right?) or 10B for unspecified services rendered... also don't make sense for either of the first two.
Is this just a way of the government securing contractors by proxy that wouldn't pass muster if done through the normal channels?
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Time to download windsurf
60 Billion for an IDE?
I guess back to Jetbrains it is.
The other day my colleague asked Grok:
"Please estimate Elon's IQ based on his timeline"
It estimated 115-130. A decision like this points to the lower end.
Time to delete Cursor then. I refuse to support someone that is doing so much active damage to democracy and cut funding for some of the poorest people on the planet.
Complete waste of $60B. It's just a prompt+tools. This is how you destroy SpaceX from the inside.