alt Hacker NewsThat’s indeed the trick. Spacex “invests” in Cursor, looks good on their balance sheet.
And xAI now gets 10B of more revenue on their income statement.
Perfect financial statement boosting for the IPO which in turn will pay back these costs.
At least that’s the bet.
Can they really put $10B worth of options under "investment"?
If so that would seem like the most plausible take on why this is happening.