Is USD just Monopoly money now?
👨🚀🔫👨🚀
The last guardrail the US had was Jerome Powell.
You can use US$ to Warsh your ass from now on.
Always has been.
Wilson brought back the US Central Bank (aka the Fed). Andrew Jackson killed the bank to free us from their clutches.
Nixon killed the gold standard so we could be the worlds central currency printing press and export inflation to the whole world and bully everyone into submission and extract their resources.
Wall st finished the financialization and commoditization of everything on the world so they could own it and gamble with the future while everyone else pays the bill.
This is just hog wash.
They are buying it for 60bn worth of SPCX Class A stock. This is Cursor’s board taking anything they can get for a company that has no future. Not a criticism against Cursor, but their market is standardising on Claude Code, and their value would rapidly head towards zero.
Class A stock has no voting rights. This is the investors of Cursor literally saying “being on Musk’s train to the moon is literally better than whatever future we have right now”.
The AI funding model.
True but they’re still making a bank and while the best exist was months ago the next best exit is now. I’d very happily take 60b worth of meme stock for a product with no future.
And they’re about to buy Tesla for an ungodly sum, sweeping another failure under the rug, this time with every index fund holder bailing them out.
Why can’t he download cursor for free? What an idiot.
My cursor came free with my operating system, although I did have to buy my own mouse.
Nazis buying up more shit. Fuck all these clowns. Free Luigi.
So the companies just get random values these days? It used to be that you actually had to generate some sort of profit before you were considered a valuable company.
I have my own business, so I just declared myself a billionaire. Now the government can send me billions in government contracts.
The US economy is just cooked, none of it is real or makes any sense.
Hello, 1929 crash out upcoming.
Sure would like some food, affordable housing, and healthcare…
They entered into an agreement to buy Cursor, with an expected time for the merger in Q3. It’s an all stock transaction, the number of shares that will depend on the SpaceX share price, to make up the 60 billion USD. Also they will pay in Class A shares (so the shitty ones with nearly no voting power)
Very interesting. It doesn’t really make sense to “buy users” imo. Devs jump over to the current best offerings.
We are moving away from cursor. Got too expensive
Interesting, where are you moving to?
We are looking into open router and kimi 2.7, mimo, glm 5.2 models.
You can still use opus/sonnet models all the same, they are just wicked expensive.There are tools like opencode and kilocode for coding.
Have you tried composer-2.5? Supposedly it’s fast, decent, and far cheaper than sonnet.
It’s based on kimi 2.5. but since then kimi 2.6 and 2.7 came out already. Yeah I’ve used it
I had to move to Kimi K2.6 because Claude models are too expensive to use. BYK from OpenRouter. I have not tested GLM models.
As they stop subsidizing, everything is going to get more and more expensive until they price everyone out. If they are actually “selling shovels for a gold rush,” they are cooked. A lot of companies can’t afford to use Ai heavily anymore. Customers are going to dry up.
Exactly. It’s hilarious just couple days back our ceo pulled 4 devs out and congratulated us on spending 2k a month each and apparently blowing company limit, I’m now tasked with finding alternatives hahaha. Definitely openrouter and kimi 2.7 and glm 5.2 are on my roadmap. I will need to do a presentation for ceo
I am surprised that anyone who can make decisions realized the June Ai bill was going to be crazy. I was betting it would take until July, when the crazy June bill is charged, for companies to realize they can’t afford frontier models.
Didn’t fElon already try buying his way to an AI company then ruined it by being who he is? [searching] Yeah, he bought talent to put together the stupidly named “xAI” to make the offensively wrong did-you-even-read-the-book “Grok” which after three short years is so bad it’s not even on most LLM performance charts. Who knows, maybe fElon’s pedo pal in the WH will take out Anthropic, Google will give up for no reason, and the Chinese will also give up for no reason. Then everyone on Earth will spend more money than they have on Grok. $22,000,000,000,000 in revenue, EZ PZ!
Because all space companies need a social network and an ai coding company. It just makes sense. And your pension needs to buy this very logical company because it’s large enough to be in the index.
Yeah, SpaceX is done in terms of exploring space musk is just cashing it.
SpaceX is 80% an AI company. More now, after acquiring Cursor. The space stuff is only the reception desk.
Isn’t the only part of company which is profitable space stuff?
Starlink specifically makes money. The rockets just blow money up.
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SpaceX is 100% a bullshit company. FTFY
This is the sort of comment where I wish Lemmy had the option to block everyone who upvoted it.
edit and I wish the ones who downvote this also blocked me
“We do social media, rockets, and AI” Yes this company is a very logical well thought out entity who’s losing $3 for every $1 we make. We are growing only at 33% a year, yet are valued at 25x other companies with better growth and actual strategies . If you believe this shit I’ve got a bridge to sell you.
The original Founders had a lot of good ideas and did a lot of hard work. Unfortunately they let a clown come in and take them over and turn everything into a circus. Where people can say that sort of thing 100% accurately now. Tesla and SpaceX are both punch lines realistically anymore as is Twitter.
You realize Elon is the founder of SpaceX.
The lead who designed the merlin engine turned down being a founder as he wanted a stable income vs the low pay and risk of working for equity/founder status, so he was an employee. (Edit and I don’t blame the guy for that choice either, odds of a private rocket company succeeding was incredibly low)
SpaceX is not a punchline.
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SpaceX is an infrastructure company. Deeply dependent on government good will and contracts. It leases it’s data center compute to actual AI companies.
They aren’t deeply dependent on government contracts anymore. Starlink will be able to support them. Government good will, id say yes.
Starship is currently a money pit on the launch side, and will make or break that the company depending on if it works.
Its leasing excess capacity, but that might not always be the case, but IMO that business model is probably better than the selling an LLM model one, but if you run out of people willing to lease it, youre still left with a pile of hardware you gotta do something with.
If they stop leasing, xAI becomes a money pit too.
I agree. But suffice to say if NASA walks away from SpaceX because they fail to deliver, it’ll make an outsized dent to their perceived value.
For sure, if something happened and NASA walks away, or reduces their interactions with SpaceX that will have ripple effects beyond what they currently provide.
This truly is the weirdest timeline. The only division of this shit company that brings in any money is the space and rockets division. However, the technology divisions are a money pit.
brings in any money is the space and rockets division
Not even that. Only StarLink brings in profit.
I’ve come to call it SpaceXitterAI
“Cursor, help me figure out why this request is failing with a CORS error.”
Thinking…
Reviewing sources…
- “Elon Musk on X”
- “Elon Musk Twitter acquisition” townhall recording
- “Programming best practices” and “Elon Musk”
Done.
It looks like everything needs to be thrown out and redone. The whole stack. It’s not good, it’s bloated, it was made by overpaid salary workers.
“What’s wrong with the stack?”
The whole stack. Just the stack. All of it.
$60 billion.
Minecraft was acquired for 2.5 billion in 2014.
Okay, that put things into scale for me.
Almost like someone is lying about the inflation numbers for the past decade
atleast minecraft actually worth that much, probably
It’s actually worth wayyy more. Microsoft already broke even just 2 years later (2016). It’s estimated they made 8.5B total since acquisition.
Cursor will likely never make 8.5 billion let alone 60.
But Microsoft didn’t plan on that. They only bought Mojang because they needed to launder offshore money from Europe.
In case you guys haven’t figured it out, Musk is just a tool of Wall Street, whether these companies make money or not is completely irrelevant.
I kinda remember reading how the purchase of Macromedia by Adobe was like the biggest acquisition ever at 6 billion or so back in the late 2000s.
