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That’s indeed the trick. Spacex “invests” in Cursor, looks good on their balance sheet. And xAI now gets 10B of more revenue on their income statement. Perfec
by TeeWEE 6mo ago
That’s indeed the trick. Spacex “invests” in Cursor, looks good on their balance sheet.
And xAI now gets 10B of more revenue on their income statement.
Perfect financial statement boosting for the IPO which in turn will pay back these costs.
At least that’s the bet.
- YmiYugy 6mo agoCan they really put $10B worth of options under "investment"? If so that would seem like the most plausible take on why this is happening.
- hn1986 6mo agothat seems incredibly shady
- rcxdude 6mo agoAI seems to be full of these kinds of circular deals. It's one reason to be wary of the financials of the business.
- RevEng 5mo agoIt's exactly what Nvidia is doing with everyone these days. They invest in a company with money that is earmarked to buy Nvidia GPUs. Nvidia's books show lots of investments and lots of sales - win win! Of course, it's just buying it's own products.