4 ms·
Wow, we are seeing the dark underbelly of the beast here. Nobody talks about cursor anymore for a reason. Look, I'm not saying it's not useful and discounting a
by Rapzid 6mo ago
Wow, we are seeing the dark underbelly of the beast here. Nobody talks about cursor anymore for a reason. Look, I'm not saying it's not useful and discounting anyone getting value out of it...
But it's clearly not worth 60B dollars in April 2026.
- manquer 6mo agoIt is not cash though. SpaceX does not have $60B liquid cash instruments. More accurately it is 3.4% of SpaceX at the last rumored valuation of $1.75T.
- throwaway85825 6mo agoThere's not going to be $60B of exit liquidity if/when spacex IPOs. Maybe the suckers will be banks lending against the bubble valuation.
- cuuupid 6mo agoNo longer rumored as they filed for IPO! This is actually an amazing sweetheart deal for Cursor. Many times with these high profile acquisitions, most stock is tied to LPA's and employment at the company, and also earnout provisions. The company then finds a way to parachute them out early, which both voids the earnout and their employment, thus they never vest most of the units and the few units they do vest get bought out at 409A valuations which are typically much, much lower. In the case of Cursor this is an amazing boon as SpaceX listed at an almost 100x multiple which is absolutely staggering. Had SpaceX stayed private they could have 409a'd Cursor and got it for effectively ~100M$ cash.
- manquer 6mo agoUntil there is public S-1 and a price range which very much could change during the roadshow, there is no known valuation or range.
- squidsoup 6mo agoThe only reason I haven't switched back to VS Code is pure laziness, not using any AI features in Cursor other than resolving diffs these days.
- jeffgreco 6mo agoA crazy and lucky bailout for Cursor + investors.
- bluefirebrand 6mo agoForget bailout, this is a massive payday for them
- bensyverson 6mo agoElon got snowed…
- moralestapia 6mo agoWhich includes OpenAI, btw. Not just OpenAI, but OpenAI and OpenAI[1]. 1: https://cursor.com/blog/series-a https://cursor.com/blog/series-a
- randyrand 6mo agoThey bought options.
- miffy900 6mo agoYep. there's absolutely no way that Cursor is worth that much. for contrast, Elon paid $44b for twitter back in 2022. When you adjust for inflation, Twitter was acquired for $49b in 2026 money. Cursor getting bought for 1.22x more is just insanity. Elon seems unwilling to shake off the image that he has basically no idea what he's doing.
- websap 6mo agoI think X paid for itself, so it worked our for him.
- bix6 6mo agoSource?
- vkou 6mo agoIt paid in influence, not dollars. Billionaires don't buy newspapers or social media platforms because they think they are good businesses.
- numpad0 6mo ago> Nikita Bier @nikitabier > > If you’re seeing a bunch of Japanese posts, here are some fun facts: > Japan has more daily active users and more time spent on X than any other country in the world. > Over two thirds of the country is monthly active on X. > X in Japan has one of the highest penetration rates of any social network in history. I wouldn't be so sure when "any other country except US" usually apply to everything on the Internet, except Twitter after the power transfer 1: https://twitter.com/nikitabier/status/2037764895064867061 https://twitter.com/nikitabier/status/2037764895064867061
- _--__--__ 6mo agoI'm pretty sure that claim about Japanese Twitter activity was true for most of the site's history pre acquisition
- deleted 6mo ago[deleted]
- therobots927 6mo agoIt makes you wonder how much of this is essentially money laundering.
- cleaning 6mo agoJust because it's not discussed much on HN does not imply it is not relevant in the broader space. Cursor is still very much prevalent there with 1 mil DAU.
- gdhkgdhkvff 6mo agoI’m curious if that 1 million DAU still holds as of today. I think it was reported last year some time aka before December when Claude code exploded. A quick google didn’t turn up any results that actually contained sources for the number.