alt Hacker NewsSpaceX to buy Cursor for $60B
Comments
Cursor's stockholders better cash out quick.
That's interesting I was using Windsurf before and I really enjoyed it. Then it became part of Devon. I was less thrilled about that so I was looking at Cursor, but now it's also getting bought out. Any suggestions on what else is left? : )
Oh, forgot I have it installed
yay -R cursor-bin
And gone
Does that mean all of the co-founders would become billionaires? And they're, what, like 20 year olds?
And I'm here trying to get something to make a $1000 per month. What a world.
Besides now paying 60 billion for a fork of VSCode, it seems SpaceX meme stock style money raised from the IPO, is all gone in one week :-)
IPO proceeds after greenshoe: $85.7B
Major disclosed cash / debt-related commitments:
- Take out Bridge loan tied to X/xAI debt repayment: $20.0B
- Take out EchoStar debt payoff / cash component: up to $8.5B
- Take out EchoStar debt-service funding: up to $3.0B
- Take out AI infrastructure lease commitments: $20.2B
Subtotal of major disclosed commitments: $51.7B
Rough remaining cash before other costs :-)): $34.0B
Lets now talk about buying Tesla, doing Quantum and building a Dyson Sphere and do another round?
Just cancelled my subscription.
I've been using the Pi agent with Deepseek for some days.. and I'm more than happy with that.
Who is this Cursor person you speak of?
A fucking text editor?
I think we should get used to it because that's what's going to keep happening again and again. First Twitter, then Cursor. When someone falls behind in the race for innovation, they usually buy the best product available and use it to get ahead of the competition.
Ai 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.
Is he bailing out an investor he's connected to?
Glad I've jumped ship to Zed+ACP. I liked the idea of the new agent window view, but it's obviously slop and hasn't had a any polish or care put behind it given the number of bugs I keep seeing.
Zed is so much more stable and sleek and the agent view (threads) actually integrates nicely in a real editor. The side editor in the agent window was so much worse than the vscode base I expected, I have no idea how they dropped the ball so hard here.
This truly shows how king making in venture capital is done, kids have the MIT pedigree but sometimes this is not enough for certain demographics, give them a ton of money to explore ideas and pivot, product is a vscode fork that sells subsidized AI, only possible with venture capital. Providing inference at unsustainable rate deemed as "product market fit". Product loses money until they exit.
VCs that say "I always knew the team was special", give me a break.
Most of the comments here have never used cursor before and it really shows
Well that's a lot of money. They must see this as a distribution pipeline for Grok?
Can someone help me understand what this means to tesla and Grok?
Ah thanks for reminding me to cancel my subscription.
I once again fear for my grandfathered-in free SuperMaven.
At this point, money and rationality does not make sense to me, rather beyond my ability to understand. But I feel it is all about accounting and writing off eventually and a few profiting from it, not the retail investors for sure. Again I am just saying what I think and there could be no rational to my thought process.
I honestly don't get why they feel the need to buy Cursor or why OpenAI wanted Windsurf. If it's data you're after, wouldn't it be so much more cheaper to just hire a dedicated team to fork VS code and integrate your own model and give it to the public for free with unlimited usage for a couple of months?
Just like Allbirds, they're pivioting to AI.
It seems that each time there's a new tech cycle, another zero gets appended to all financial transactions.
Congrats to the Cursor team. Unbelievable success. Can’t imagine how their live suddenly will change.
I can't stand Cursor. Every time I open it up I have 3 popups I don't use, that I then need to figure out how to close. Using it for notes is impossible, since the autocomplete just tries to fill in bullshit.
Awful what VC money did to it. Hope to never use it again, now that work stopped mandating it.
They can’t build something like Cursor with AI for less than $60B?
incredible 60 B!
It's absurd. let's mark it down.
Yep, at that level one could end hunger in the world by 2030. But what does that worth compared to hold the destiny if the last shiny IDE.
God fucking dammit I like cursor
most likely it's for Cursor's data, not the IDE itself
I personally use CC and Zed -- works great. No need for a VSCode-based IDE. I've even dropped JetBrains (and I was a long-time user).
Grok’s capabilities on Cursor’s data should be a step function there. Go X! Congrats Cursor, what a ride!
Our Beautiful Journey
Musk bought Cursor for its users (lots of devs still use it), as part of yet another attempt at catching up after building Grok and buying OpenAI failed.
Likely, Cursor becomes Grok Desktop or whatever, and eventually uses xAI's coding model if they can make a competitive one.
Github Copilot is so much better than Cursor and a worldwide sales team. This acquisition has no chance.
The writing was on the wall for cursor, this is a good deal for them to get bailed out and continue business.
$60B. Wow. Congrats to Anysphere. But $60B. That is just a ludicrous price.
Definitely not a bubble.
$60b is genuinely insane. Very high from a P/S ratio perspective, and for a product with arguably no defensible moat.
Congrats to the Cursor team though... One of the most crazy exit stories ever – 4 years to a $60b buyout. Damn.
waiting for the anouncement: cursor for grok heavy users.
Aaaand now I'm using OpenCode instead, and trying out OpenCode Go.
That is very hinged
They should rename it to XCode. Oh wait…
They should rename it to CodeX. Oh wait…
Vibe coded space shuttles baby! Lets GO!
Cursor is great but they're all going to cash out and leave SpaceX as soon as they can.
How are these numbers even working out, I get free markets and all that, but Microsoft paid 2.5B for Minecraft, which was printing money at the time (seems they still lost on that deal). Now a rocket company is buying an editor company for 60B and everyone seems to think that makes sense.
I’m happy to be old man yelling at clouds here because I can’t for the life of me figure out these valuations and purchases.
Interesting that they disclose this right after IPO.