4 ms·

I think it's more that Space X's valuation is ridiculous, and they need acquisitions that are ridiculous to pretend that the emperor is still wearing clothes.

I think it's more that Space X's valuation is ridiculous, and they need acquisitions that are ridiculous to pretend that the emperor is still wearing clothes. When cursor is selling for $60B, then grok has to really be worth several times that, right?

dehugger 4mo ago
I don't know that I disagree, but this had to be in the works before the IPO right? Acquisitions don't typically materialize in a timeline of <1 week (or perhaps they do when someone walks in and offers 60B...)
- monocasa 4mo ago
  Inflating SpaceX's perceived value would have been the primary goal for a lot of the business for at least the past year leading up to the IPO.
mrweasel 4mo ago
It's probably a bit of both. Space X is overvalued, and so is Cursor. It's easier for Space X to justify buying Cursor for $60B than it would be for other, because it's a rounding error compared to Space X's valuation. I haven't tried Cursor, and I'm sure it's a perfectly good IDE, but given that JetBrains was valued at $7B in 2021 [1] $60B seems rather high. 1) https://servreality.com/news/jetbrains-startup-valued-at-7-billion/ https://servreality.com/news/jetbrains-startup-valued-at-7-b...,
- siva7 4mo ago
  How far we have come that 60B could be considered a rounding error for a company
  - inglor_cz 4mo ago
    The US has GDP of 32 trillion. In an economy of that size, you would expect a few companies for which 60B is not crazy money, although rounding error is really stretching it.