Nazis buying up more shit. Fuck all these clowns. Free Luigi.
this post was submitted on 17 Jun 2026
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Why can't he download cursor for free? What an idiot.
They entered into an agreement to buy Cursor, with an expected time for the merger in Q3. It's an all stock transaction, the number of shares that will depend on the SpaceX share price, to make up the 60 billion USD. Also they will pay in Class A shares (so the shitty ones with nearly no voting power)
Sure would like some food, affordable housing, and healthcare…
Very interesting. It doesn't really make sense to "buy users" imo. Devs jump over to the current best offerings.
$60 billion.
Minecraft was acquired for 2.5 billion in 2014.
Okay, that put things into scale for me.
Perhaps I’m missing something, but isn’t Cursor simply a VSCode fork with some AI extensions integrated into it? Hate aside? What is the actual technical value of the product?
Haven't used cursor but I assume it's like other harnesses where the special sauce is in how it manages context, schedules sub agents, feeds them context, enforces standards, uses tools and skills etc. that make it better then just directly prompting the model.
For example you prompt opus directly with "refactor the auth flow" and it's going to try and "one shot" it and produce the code from that prompt. Whereas a harness has instructions to say
- Research the current implementation
- Search the web for standards
- Ask the user questions on how they want to do it ...
Which produces way better results
They have their own model called Composer that's specialized for coding.
Personally, I think generic Opus 4.8 beats it, but it is quite cheap and fast. I used Composer via Cursor for a few months in late 2025. I hear they have improved the model somewhat since.
It's fine-tuned Kimi 2.5
They didn't train this up for themselves.
It's an OK model that is fast and cheap. It outperforms other models of the same price class, but it's nowhere near Frontier model capability.
They are also claiming to be training their own new model on SpaceX's infrastructure. I don't particularly trust them, but I'll give the citation anyway just for additional info.
He is buying the users that cursor had. But these users can switch to another AI harness any day they wanted to.
While it is nowhere near the value Elon paid. It is a tool for easy coding with ai. Like the others thousands that out there. I mean spacex buying companies left and right at prices that make no sense is weird. Spacex being valued that much when all they do is burn money at a rate of several states is confusing.
Elon getting richer by the second with all that nonsense is suspicious....
It's probably gonna be fine, Elon is just doing what Grok tells him to at this point
Maybe he's buying with overvalued useless SpaceX stock. SMH
Ding ding
Because all space companies need a social network and an ai coding company. It just makes sense. And your pension needs to buy this very logical company because it's large enough to be in the index.
SpaceX is 80% an AI company. More now, after acquiring Cursor. The space stuff is only the reception desk.
SpaceX is an infrastructure company. Deeply dependent on government good will and contracts. It leases it's data center compute to actual AI companies.
They aren't deeply dependent on government contracts anymore. Starlink will be able to support them. Government good will, id say yes.
Starship is currently a money pit on the launch side, and will make or break that the company depending on if it works.
Its leasing excess capacity, but that might not always be the case, but IMO that business model is probably better than the selling an LLM model one, but if you run out of people willing to lease it, youre still left with a pile of hardware you gotta do something with.
If they stop leasing, xAI becomes a money pit too.
I agree. But suffice to say if NASA walks away from SpaceX because they fail to deliver, it'll make an outsized dent to their perceived value.
For sure, if something happened and NASA walks away, or reduces their interactions with SpaceX that will have ripple effects beyond what they currently provide.
SpaceX is 100% a bullshit company. FTFY
This is the sort of comment where I wish Lemmy had the option to block everyone who upvoted it.
The original Founders had a lot of good ideas and did a lot of hard work. Unfortunately they let a clown come in and take them over and turn everything into a circus. Where people can say that sort of thing 100% accurately now. Tesla and SpaceX are both punch lines realistically anymore as is Twitter.
This truly is the weirdest timeline. The only division of this shit company that brings in any money is the space and rockets division. However, the technology divisions are a money pit.
brings in any money is the space and rockets division
Not even that. Only StarLink brings in profit.
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"Cursor, help me figure out why this request is failing with a CORS error."
Thinking…
Reviewing sources…
- "Elon Musk on X"
- "Elon Musk Twitter acquisition" townhall recording
- "Programming best practices" and "Elon Musk"
Done.
It looks like everything needs to be thrown out and redone. The whole stack. It's not good, it's bloated, it was made by overpaid salary workers.
"What's wrong with the stack?"
The whole stack. Just the stack. All of it.
Local coding LLMs are going to be the hot new commodity this year.
Harnesses for them is the key for me. Check out llama conductor
https://codeberg.org/BobbyLLM/llama-conductor
Smaller models being used more efficiently.
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Wow, cursor costed more to Musk than twitter
Yet somehow less valuable. Isn't it just a fork of VSCode with more AI tools built in?
Pretty much. And is getting its lunch eaten by the fact that people are using tools like Claude code and open code instead of vscode interfaces.
This is cursor cashing out on top before the fallout and Musk being stuck with the bag.
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There goes all the money raised in the IPO.
It’s a stock deal. At $2.5 Trillion valuation I’d say this is chump change.
Don't worry, the losses will go straight to the retirement funds.
I bet it will be a stock deal.
It was all stock. I dont know if it was at a pre determined price, or if they closed it at the intraday price on the day of though.
That's also more shares that will be offloaded when insider blackout periods end
It "was" not anything, as it is still upcoming.
They will take a volume weighted average closing price of the seven previous days:
Interesting, so they've agreed to do it, but at the very least 7 trading days will need to pass to satisfy that, assuming the execution of the option is immediate.
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