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Comment by argsnd

15 hours ago

$50bn for a harness makes no sense, what am I missing?

I assume someone knows someone, backroom deal perhaps? I'm not sure either, when Cursor has a lot of risk and not that much moat.

My 2c: they need to pump xAI usage (which nobody is using) to be able to keep the hype alive pre-ipo.

I thought Cursor has started making their own models. Did I confuse them with someone else?

For a successful IPO and attract more capital you need a very good story/narrative. That what is being crafted here. Business fundamentals matter less with elon!

1. Pay them with shares of SpaceX

2. Make SpaceX valuation even higher before IPO

3. Boost XAI/usage of Grok.