Comment by Rapzid

15 hours ago

Wow, we are seeing the dark underbelly of the beast here. Nobody talks about cursor anymore for a reason. Look, I'm not saying it's not useful and discounting anyone getting value out of it...

But it's clearly not worth 60B dollars in April 2026.

30 comments

Rapzid

Reply
miffy900  15 hours ago

Yep. there's absolutely no way that Cursor is worth that much.

for contrast, Elon paid $44b for twitter back in 2022. When you adjust for inflation, Twitter was acquired for $49b in 2026 money. Cursor getting bought for 1.22x more is just insanity.

Elon seems unwilling to shake off the image that he has basically no idea what he's doing.

  • laughing_man  14 hours ago

    I certainly wouldn't mind having that image if it meant being the wealthiest man in the world.

    • utopiah  6 hours ago

      Sounds like playful comments people do about nymphomaniacs. Sure nobody would mind being the wealthiest man in the world without the downsides. Look at the guy. He's not just clueless, he's actually totally lost. Do you know how many kids he has and how many broke all contact with him, the wealthiest man in the World? Does this look like an enviable situation?

      1 reply →

  • websap  15 hours ago

    I think X paid for itself, so it worked our for him.

    • numpad0  15 hours ago 

        > Nikita Bier @nikitabier
  >  
  > If you’re seeing a bunch of Japanese posts, here are some fun facts:
  > Japan has more daily active users and more time spent on X than any other country in the world.
  > Over two thirds of the country is monthly active on X. 
  > X in Japan has one of the highest penetration rates of any social network in history.

      I wouldn't be so sure when "any other country except US" usually apply to everything on the Internet, except Twitter after the power transfer

      1: https://twitter.com/nikitabier/status/2037764895064867061

      6 replies →

  • 93po  12 hours ago

    Elon Musk, the richest person on the planet, with multiple industry-changing companies built under his leadership, clearly has no idea what he's doing.

    • blitzar  7 hours ago

      Its hard to think clearly when you are in a k-hole.

      in ten the speed'll kick in, can of coke and a ciggy and he'll be right as rain

manquer  15 hours ago

It is not cash though. SpaceX does not have $60B liquid cash instruments.

More accurately it is 3.4% of SpaceX at the last rumored valuation of $1.75T.

  • cuuupid  15 hours ago

    No longer rumored as they filed for IPO!

    This is actually an amazing sweetheart deal for Cursor. Many times with these high profile acquisitions, most stock is tied to LPA's and employment at the company, and also earnout provisions. The company then finds a way to parachute them out early, which both voids the earnout and their employment, thus they never vest most of the units and the few units they do vest get bought out at 409A valuations which are typically much, much lower.

    In the case of Cursor this is an amazing boon as SpaceX listed at an almost 100x multiple which is absolutely staggering. Had SpaceX stayed private they could have 409a'd Cursor and got it for effectively ~100M$ cash.

    • manquer  13 hours ago

      Until there is public S-1 and a price range which very much could change during the roadshow, there is no known valuation or range.

  • throwaway85825  15 hours ago

    There's not going to be $60B of exit liquidity if/when spacex IPOs. Maybe the suckers will be banks lending against the bubble valuation.

squidsoup  15 hours ago

The only reason I haven't switched back to VS Code is pure laziness, not using any AI features in Cursor other than resolving diffs these days.

cleaning  15 hours ago

Just because it's not discussed much on HN does not imply it is not relevant in the broader space. Cursor is still very much prevalent there with 1 mil DAU.

  • gdhkgdhkvff  14 hours ago

    I’m curious if that 1 million DAU still holds as of today. I think it was reported last year some time aka before December when Claude code exploded. A quick google didn’t turn up any results that actually contained sources for the number.