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Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
by guidedlight 4mo ago
Does anyone here think Cursor is overvalued? It's just packaging up what already exists, it has no moat or IP.
- tipiirai 4mo agoYes. I think Cursor is overvalued, but not to the extent of SpaceX
- mohamedkoubaa 4mo agoMaybe it's just the US dollar that is overvalued
- CuriouslyC 4mo agoThat would explain the top tier of meme stocks, but counterpoint: what about our salaries?
- mohamedkoubaa 4mo agoWorkers are criminally underpaid
- hylaride 4mo agoI get the joke, but if anything it's that there's too much money sloshing around.
- ulfw 4mo agoSo is 'Space'X. They fit perfectly
- pavlov 4mo agoThey're getting paid in extremely overvalued stock, so maybe it balances out. This is not really a diss on SpaceX either because a lot of IPOs go through an immediate pop and then 1-2 years of doldrums as lockouts expire and promises aren't quite delivered. Nobody knows what 60 billion in SpaceX stock today will be worth when Cursor insiders finally get to sell (at least a year from now, after other SpaceX insiders have started selling).
- bix6 4mo agoSource on the lockup for Cursor insiders?
- UqWBcuFx6NV4r 4mo agoIt can be inferred because it’s how things tend to work.
- bix6 4mo agoOk everyone saying this is how it works but where’s the proof? SpaceX has a 7 day lockup for some people which is abnormal. So clearly the way it’s done isn’t in fact how it’s always done.
- bilekas 4mo agoThis is just a general practice that always happens when paying in stock. It's to prevent a massive dump the next day which would tank the share price 'artificially'. Again, rich people's rules.
- bix6 4mo agoOk everyone saying this is how it works but where’s the proof? SpaceX has a 7 day lockup for some people which is abnormal. So clearly the way it’s done isn’t in fact how it’s always done.
- bilekas 4mo agohttps://www.sec.gov/reports/rule-144-selling-restricted-control-securities https://www.sec.gov/reports/rule-144-selling-restricted-cont... > Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months
- vorticalbox 4mo agoits not just the models, their auto complete is actually really good. when you make a change it will give you "tab to next" which makes refactors super easy. composer 2.5 is also a very decent model, it go 90% of my AI tasks using it now.
- stefan_ 4mo agoYes, that's why Cursor was very popular when actually reading model output paragraph by paragraph was still the way you used them. That's no longer the case, their use has cratered, and in fact they have been disintermediated by their model vendors, leaving an empty shell.
- pavlov 4mo agoI guess that fits into the Musk empire because "empty shell" increasingly describes his companies. Tesla is a car company that doesn't want to make cars. And xAI is an AI foundation model company that actually is a data center REIT...
- iterateoften 4mo agoSo 60B dollars and your primary reason it’s worth that is “tab to next” autocomplete?
- raverbashing 4mo agoMaybe the real Mythos secret is that it found out it could fit on a GPT2 size model
- ambicapter 4mo agoScaled to every developer in the world? Yeah, that's productivity.
- bilekas 4mo agoI'm not sure it's worth the price tag for developers though, I mean resharper promised similar, delivered half, bought by millions and still don't think Jetbrains, even with its other good tool suit is valued 60B.
- philipwhiuk 4mo agoGrok needs a coding environment play to match Claude Code - that's what this is. And AI companies are not short of capital.
- lmedinas 4mo agoThats grok build, which is pretty nice and has compatibility with Claude Code. They just need better models, that will be released soon.
- deleted 4mo ago[deleted]
- formvoltron 4mo agoNone of that really matters. What matters is that this has enough "future story value" to keep the few investors invested... allowing for the planned index funds to buy into the overvalued stock & allowing for the largest heist in the history of money. It's become pure hype and drama on the global stock market stage.
- lotsofpulp 4mo agoTransactions that happen out in the open, with the consent of all parties are not a heist.
- amanaplanacanal 4mo agoScam maybe.
- formvoltron 4mo agoMoney is neither created nor destroyed in the markets. It's exchanged. If Musk is worth a trillion while not generating a trillion of value, then it's a heist. heist: "an elaborate, meticulously planned theft, typically targeting highly valuable items, large sums of money, or financial institutions like banks or museums"
- mindwok 4mo agoThey have a surprising amount of enterprise revenue and mindshare, of which xAI has literally none.
- newaccountman2 4mo agoIt's not true it has zero moat or IP (they have their own LLM and it is useful), but it is indeed way over-valued.
- manojlds 4mo agoComposer is very good, and these days after heavily using CC, Pi and Open code I am back with Cursor. "No moat or IP" is underrating it a lot.
- m00dy 4mo agoCC on Deepseek is a moat.
- nbardy 4mo agoNo, look a Composoer 2, it stands out starkly on its own in the pareto frontier on low cast and fast models. Composer 2.5 was a huge leap with minimal compute from xAI. They can compete with OpenAI and anthropic with xAI scale compute. They have a top notch model team and incredible training data and huge enterprise costumer contracts.
- trial3 4mo agomy employer (one of those huge contracts) dropped cursor in favor of claude and i don’t think this is true at all while we had it i used cursor for probably eight months as my main ide (i did really like the interface for embedding code in prompts!) but had no problems switching to claude code. i asked around, and i truly don’t know a single coworker who misses cursor even a little bit.
- JoshStrobl 4mo agoMy experience mirrors this as well. I was fully in on Cursor for a good chunk of last year, using Composer + Gemini Pro (via Copilot / GH integration). I really enjoyed Cursor's tab completion capabilities, but when Sonnet and Opus started getting particularly good for me (think for me it was around 4.5), I swapped over to Zed + claude code in the integrated terminal. I've found that after a bit, I haven't ended up missing the tab completion. I've been perfectly fine with just LSP + claude always open. I don't miss Cursor. All my colleagues are on claude code with half of us also using Zed.
- malfist 4mo agoHow the hell is an IDE a "pareto frontier"? Even if, say composer 2.5 is a huge leap forward, that doesn't mean IntelliJ or Vim or Emacs or Codex got worse. IDE improvements are not a zero sum game.
- lallysingh 4mo agoIn a competitive environment, it's precisely that. An improvement in product A takes customers from B and C.
- whatever1 4mo agoEvery single one?
- ArneCode 4mo agothey propably have a lot of training data from their users, which might be useful for SpaceX which has a lot of compute
- ubercore 4mo agoCursor, from my companies perspective at least, seems to be handling charming leadership to get enterprise AI contracts in place, compared to the alternatives. That's feeling like the moat from my first-hand experience. Easy single contract that covers a lot of AI cases that management wants to say they have in place.
- arend321 4mo agoCursor was nice when I was still meticulously hand coding my stack, fantastic autocomplete. With today's top models, I barely write code myself, just review commits. Cursor eats Opus credits like there is no tomorrow. Composer has been a net negative in my experience. All in on Codex with GPT 5.5 on high using /fast.
- agluszak 4mo agoIMO composer 2.5 is pretty good, and the $20 Cursor plan gives you _way_ more tokens than Codex/Claude code/Antigravity
- arend321 4mo agoNot my experience. Maybe an hour of top model use on the $20 plan, then Composer 2.5 which needs constant hand holding.
- Der_Einzige 4mo agoOnly cursor employees could continue to spread this idea that composer 2.5 isn’t total garbage.
- nerdsniper 4mo agoI seem to get a lot more tokens for my $ with the $200 plan from Anthropic or OpenAI than I do from the $200 plan from Cursor. Lately I use Cursor with DeepSeek API, and OpenAI subscription through their Codex App.
- deleted 4mo ago[deleted]
- dist-epoch 4mo agoSounds like what people here said 20 years ago about Google buying YouTube, or 10 years ago about Facebook buying Instagram - companies with no moats and huge infrastructure costs. To paraphrase, the biggest trick the devil pulled is convincing founders they need a moat.
- generalpf 4mo agoCursor Remote Agents are important to our AI orchestration layer. It's possible that Claude can do this directly but Cursor Remote Agents made this laughably easy.
- sixothree 4mo agoThey have the conversation history of every person that has used their product. That's worth something.
- internet101010 4mo agoCursor's moat is that it is a virus that infects organizations through shared skills, hooks, agents, etc.. Once one person uses it and infects the repo everyone else starts using it.
- basisword 4mo agoKnow a few companies that have moved from it fully to Claude. It’s still early so the moving cost is low and Claude Cowork is something non-tech employees can make use of much easier than Cursor. I really don’t see what Curor’s value is longer term. Why pay a middle man?
- swader999 4mo agoMaybe, but migration from/to anything is so much easier now with Agents.
- sscarduzio 4mo agoI don't. Cursor being a man in the middle between coders and other people models for so long, has so much more training data than anyone else in the world.
- boroboro4 4mo agoThere is obvious proxy to the amount of training data - revenue. And I think anthropic is way ahead of them.
- swader999 4mo agoI do think this has had its day. From what I remember, Cursor was useful back in the day when you coded in an IDE and wanted to read code while you baby stepped through incremental changes with an AI. I'm tempted to put /sarc around this but not really...
- puszczyk 4mo agoIt doesn’t tell anything about the valuation, but I prefer it over Claude Code, and I even stopped using JetBrains IDEs because of it. Vs Claude Code: I like the option to change the models, as I often prefer ChatGPT or Composer to Opus. I have a slight preference towards TUI, but not so strong to drop the models. Vs JetBrains. I really love JetBrains but the tab complete just works so well for me.
- firemelt 4mo agowhy u prefer cursor over claude code?
- oulipo2 4mo agoI guess they're getting bought because they had access to a lot of codebases from a lot of companies, and perhaps there's something to mine in those logs...
- infecto 4mo agoCould not say on the valuation front. The one thing that is obvious is the trash talkers love to point out how horrible it is but I have yet to find a compelling replacement. Obviously Claude Code works but at least for me I never got along with the CLI workflow very well and sure I could use vs code with the extension for Claude but then I lose tab autocompletes which I actually like. I have yet to see anyone build a derivative model like composer 2 that is quick, cheap and has higher reliability on tool call use. Again I don’t know on valuation but it’s pretty impressive how far they have come. I look at Jetbrains and at least from an AI perspective they have been left in the dust.
- debug-desperado 4mo agoUsing Cursor with Jetbrains via ACP isn't that different than using within the Cursor IDE. You still get Agent/Plan/Ask modes with model selectors. I'd recommend installing the Cursor IDE, then using it to install Cursor CLI (it's easier to keep things up to date this way), then setting up your Jetbrains IDE to point to the Cursor CLI via ACP integration.
- aprentic 4mo agoI like Cursor but that valuation is a hard sell. Their valuation should be very closely tied to how how many tokens it takes to get from Void to Cursor. If those values diverge by much, something is rotten in the state of Denmark.
- petesergeant 4mo agoThere's a plausible synergy in it for xAI though. Access to reams of training data for a company whose marginal cost of compute is very very low, and that they can use as a channel to push Grok. I don't think it's worth anywhere near this much to anyone else, but to xAI it's at least possible.
- josh-sematic 4mo agoIn terms of whether they’re overvalued: probably. But any valuation should also take into account the value they have to x.ai (also under SpaceX) as a source of training data for coding models.
- firemelt 4mo agoobivously is overvalued
- popcorncowboy 4mo agoMoat is whatever thing is stopping the next guy from simply drinking your milkshake. People conflate "I could smash this out in a weekend" with "and therefore could also build a multi-billion dollar revenue stream in [counted in months]".