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the IPO raised $85B and they just spent $60B on Cursor. If this was the intention it should have been in a disclosure Edit: I see SpaceX did disclose
by stogot 4mo ago
the IPO raised $85B and they just spent $60B on Cursor. If this was the intention it should have been in a disclosure
Edit: I see SpaceX did disclose
- semessier 4mo agothis is an all-stock transaction. No cash spent.
- dude250711 4mo agoSPCX is exactly the "currency" that LLM companies should be valued in. $60B cash? Too much. $60B SPCX stock? Why so low.
- Maxious 4mo ago> With the option agreement, we have the right, but not obligation, to acquire Cursor at a predetermined price or pay a fee > The consideration for the acquisition of Cursor, if any, after the closing of this offering would consist of shares of our Class A common stock based on an implied equity value of Cursor of $60.0 billion "Collaboration with Cursor" page 12 of the SpaceX S-1 https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm https://www.sec.gov/Archives/edgar/data/1181412/000162828026...