Is USD just Monopoly money now?
👨🚀🔫👨🚀
Always has been.
Wilson brought back the US Central Bank (aka the Fed). Andrew Jackson killed the bank to free us from their clutches.
Nixon killed the gold standard so we could be the worlds central currency printing press and export inflation to the whole world and bully everyone into submission and extract their resources.
Wall st finished the financialization and commoditization of everything on the world so they could own it and gamble with the future while everyone else pays the bill.
The last guardrail the US had was Jerome Powell.
You can use US$ to Warsh your ass from now on.
“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.
$60 billion.
Minecraft was acquired for 2.5 billion in 2014.
Okay, that put things into scale for me.
Almost like someone is lying about the inflation numbers for the past decade
atleast minecraft actually worth that much, probably
It’s actually worth wayyy more. Microsoft already broke even just 2 years later (2016). It’s estimated they made 8.5B total since acquisition.
Cursor will likely never make 8.5 billion let alone 60.
But Microsoft didn’t plan on that. They only bought Mojang because they needed to launder offshore money from Europe.
In case you guys haven’t figured it out, Musk is just a tool of Wall Street, whether these companies make money or not is completely irrelevant.
I kinda remember reading how the purchase of Macromedia by Adobe was like the biggest acquisition ever at 6 billion or so back in the late 2000s.
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.
Have you looked at hardware prices?
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?
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…
Maybe he’s buying with overvalued useless SpaceX stock. SMH
Ding ding
It’s probably gonna be fine, Elon is just doing what Grok tells him to at this point
I mean even grok says that he is trying to manipulate the stock market.
/s*
Early on in the AI game, before Vibe Coding was even a term, Cursor was the only tool that could connect VsCode to an AI model. Since then, there are now dozens of tools to do this for you. Cursor basically has no unique features, the only value it has as a company is an existing userbase and an established dev team. The worst part is that they are built on top of VSCode, which means their existence hinges on Microsoft benevolently sharing one of their most valuable products, and Microsoft has made several moves to try to kill the Cursor userbase and bring them back to VSCode.
Cursor is one of the worst investments you could make right now. It’s surrounded on all sides by rivals trying to eat their lunch, and they have basically zero IP to protect their market advantage.
Even back then, copilot already existed if you didn’t mind choosing one of their models. Cursor was at most 2 months ahead in features, but already charging twice as much as copilot.
He is buying the users that cursor had. But these users can switch to another AI harness any day they wanted to.
They don’t care at all about the vs code fork (probably his colossus data center with 89% vacancy can vibe code a clone in a few hours)
They care about the subscribed users and how they can enshittify their experience by removing access to Claude opus and introducing grok the Nazi vibe coder
Makes you wonder how sticky their product is though. I would just move to another product that has Claude if I suddenly had to use Grok.
imo not at all, like for the recent github copilot enshittification
users will groan and complain for a month then move to a different VS code fork, one year later nobody would even be able to remember the shape of the icon
This is just hog wash.
They are buying it for 60bn worth of SPCX Class A stock. This is Cursor’s board taking anything they can get for a company that has no future. Not a criticism against Cursor, but their market is standardising on Claude Code, and their value would rapidly head towards zero.
Class A stock has no voting rights. This is the investors of Cursor literally saying “being on Musk’s train to the moon is literally better than whatever future we have right now”.
The AI funding model.
True but they’re still making a bank and while the best exist was months ago the next best exit is now. I’d very happily take 60b worth of meme stock for a product with no future.
There goes all the money raised in the IPO.
Don’t worry, the losses will go straight to the retirement funds.
It’s a stock deal. At $2.5 Trillion valuation I’d say this is chump change.
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.
I guess the earliest would be in July, because they also stated in the same document I linked:
The Company currently expects the Merger to close during the third quarter of 2026.
AFAIK it’s less than 10%. But it’s a start. 🤣🤣🤣
The IPO reportedly raised $85 billion
Valuation (which is where that “over $1 trillion” comes from) is a different thing entirely
Yes of course you are right, my bad.
The 1 trillion is an extrapolation.
Nazis buying up more shit. Fuck all these clowns. Free Luigi.
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.
Yeah that’s hard for me to understand.
The US economy is just cooked, none of it is real or makes any sense.
Hello, 1929 crash out upcoming.
And they’re about to buy Tesla for an ungodly sum, sweeping another failure under the rug, this time with every index fund holder bailing them out.
So the companies just get random values these days? It used to be that you actually had to generate some sort of profit before you were considered a valuable company.
I have my own business, so I just declared myself a billionaire. Now the government can send me billions in government contracts.
Sure would like some food, affordable housing, and healthcare…
is a validation of the soaring interest in AI-assisted coding.
Sure, buddy. Whatever makes you feel better.
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)
