SpaceX to buy Cursor for $60B

mDyJzDPmBdG

Wasn't that already announced few weeks ago, only with deal going through depending on Cursor future stock price?

itsmarcelg

These are the SEC filings that confirms the merger: Announcement of Cursor acquisition to SpaceX https://www.sec.gov/Archives/edgar/data/1181412/000162828026... Details of Acquisition https://www.sec.gov/Archives/edgar/data/1181412/000162828026...

roxolotl

Wow they are using 80% of what they raised 4 days ago to buy an IDE. Absolutely incredible.

PUSH_AX

In related news, I'm open to suggestions for coding agent harnesses.

tomwphillips

Definitely not a bubble.

wmeredith

"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." This is unhinged.

aenis

Out of curiosity, anyone here still using cursor?

dolkycape

That's a lot of money for a buggy product that is at best slightly better than its competitors.

transitKnox

Well that's a lot of money. They must see this as a distribution pipeline for Grok?

tippa123

Not sure how this closes the gap to Anthropic and OpenAI for xAI. Is there a play that I am overlooking? If this acquisition goes through the only winner here is Cursor, especially since CC and Codex are chipping away at Cursor very hard!

tptacek

For what it's worth, this was effectively announced months ago, and at this valuation.

TrackerFF

Congrats to the founders, arguably the first true AI-wrapper billionaires? 0 to multigenerational wealth in 4 years is impressive. It is crazy how much more wealth per user that can be created in the AI-space, compared to other products.

barredo

>> 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?"

thm

That’s two zeros too many.

tippa123

https://news.ycombinator.com/item?id=47855293 Initial announcement back in April

kypro

$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.

yanis_t

$60b is crazy. Cursor is an extension for VS Code, a harness and a bunch of prompts. They have their own model (Composer 2) which is based Kimi K2.5, but I don't think SpaceX would be interested in it. If they need a harness for grok, they could fork PI. What are they after for here? Customer base? Talent?

chinathrow

Is this Elon listening to Pieter Levels?

greenoracle9

$60B is a huge price, but buying Cursor gives Musk something xAI has struggled to build: a popular coding product with real developer and enterprise adoption. It may be the fastest way to catch up in AI coding. The real question is whether SpaceX ownership improves Cursor or drives its users away.

polnurfer

That is very hinged