1. https://www.cnbc.com/2026/06/16/spacex-spcx-cursor-acquisiti...
They’re spending Monopoly money.
It also seems like SpaceX is poised to Hoover up all of Elons companies so it’s might not be “just a space company” for long.
I LOVE puppies, but if I had a trillion of them the last thing I'd want is another puppy.
It's a game for him, but so ridiculous. While Tesla was pushing electrification and SpaceX pushing rapid rocket re-use I kind of tolerated Elon's antics, but since he got involved in politics and DOGE I can't bear it anymore.
It counts and it's not wrong.
Sure, the Tesla award takes into account any M&A but growing a 2T company to 3T is a 50% increase. While growing a 1T company to 2T is a 100% increase so it's expected to be easier for him to hit his award targets with the companies merged as opposed to not merged.
And even if their internet service provider is uniquely capable for now, it only fills a strategic need for certain customers.
So instead, Musk and Co. need to find bubbling market trends that look like they will have huge gigantic TAMs to justify the potential growth of this company.
You also have other services: Starlink is an obvious one they're pursuing now, but there's many other things that they could branch into with no effective competition right now, from harvesting resources such as Helium-3 to Rare Earths (ironic name), to... (thinks for several minutes) banishing people to the Phantom Zone?
But you get what I mean, it's not just about rockets, it's about the things cheap and reliable rocketry enables.
The cynical viewpoint is that this is Elon capitalizing on current datacenter hype to inflate SpaceX's valuation based on theoretically overcoming tremendous amounts of hard physics problems, over the next 5-10 years. As he did with FSD, Boring Company / Hyperloop, Twitter, etc.
Musk made some bad bets, but also some good ones (Falcon rockets, Starlink) and some at least promising ones (Starship, Neuralink). And Twitter bought him enormous political influence - I wouldn't consider this a failure either, from the realistically-cynical point of view. That cannot be measured by revenue alone.
It's a ridiculous idea, and I don't believe it's what they are really pursuing.
Putting datacenters in deserts around the equator is a much better idea than in Space. If you're really optimizing for cost that is. If you're optimizing for SpaceX meme-stock valuation the former wins
Oooor, try this one on for size:
What if they're not out to cause offense and the malice you impute is just an illusion under which you yourself are laboring alone? What if it was a well understood and not particularly offensive vernacular usage from before people decided they ought to spend their time being offended on behalf of hypothetical listeners?
edit: Gross that you're being downvoted. HN crowd needs a serious look in the mirror.
There's even more rewards for putting a million people on Mars and reaching a market cap of 7.5T by a certain date. Oh yeah he has to stay employed too.
From the SEC Form 3 filed June 12th: 1) This Form 3 does not include 1,302,072,285 shares of restricted Class B Common Stock issued to and held of record by the Reporting Person, which may be voted by the Reporting Person, and the vesting of which is subject to the satisfaction of certain performance and other conditions. 1,000,000,000 shares of restricted Class B Common Stock vest upon (i) the Issuer's achievement of specified market capitalization milestones across 15 equal tranches ranging from $500 billion to $7.5 trillion, with each milestone reflecting $500 billion in additional valuation, and (ii) the Issuer's establishment of a permanent human colony on Mars with at least one million inhabitants, in each case, subject to the Reporting Person's continued employment ("SpaceX CEO Award"). 302,072,285 shares of restricted Class B Common Stock vest upon (i) the Issuer's achievement of specified market capitalization milestones across 12 equal tranches ranging from $1.065 trillion to $6.565 trillion, with each milestone reflecting $500 billion in additional valuation, and (ii) the Issuer's completion of non-Earth-based data centers capable of delivering 100 terawatts of compute per year, in each case, subject to the Reporting Person's continued employment ("AI CEO Award")
Like, sure, but also, that seems like a lot of work, a lot of extra cost, and a lot of risk, all just to avoid building it in Kansas.
Mars was never going to happen without revenue. Starlink is providing revenue but probably not enough to build a whole city on Mars within our lifetimes. SpaceX needs more and AI is the only near-term way.
Ok. So what prevents a company from offering a Claude Code/ Cursor equivalent, with 100% subsidised Claude (= 100% free), capturing the exact same data that Cursor does? If the data is worth in the tens of billions, the cost of subsidising the usage is negligible.
So yes, SpaceX is pivoting, but it's to no one's surprise.
I mean, if he wanted to sell tomorrow, who COULD spend $2-3 Trillion to buy it, and who WOULD? Anyone with that kind of money to spend today knows what a scam it is
https://www.youtube.com/watch?v=FPIGu0anfAE
The video explains that it is spelled out in the prospectus that SpaceX is counting 70%-80% of their total addressable market to be AI related and only about 7%-8% to be space-related.
They have in-house models, and the data to train even more powerful ones. The cursor team is a proper AI lab.
85% of the compute for the final model is from them, and not the base Kimi model.
Good luck to the alt-economy of SpaceTesla though, may all our 401ks survive.
Composer post training is clearly very good, only second to Anthropic and OpenAI.
It does irk me a bit that they try to hide the fact that it's based on a chinese pretrained model though.
> See here https://cursor.com/blog/composer-2-5
> 85% of the compute for the final model is from them, and not the base Kimi model.
Of course they could be lying, but it seems feasible that they are adding a lot on top of this
It's not like they could easily cash out all of those $60B. I always find it troublesome that we generally conflate cash with stonks, market caps, and such.
If we're going to right the ship in turn of common sense a bunch of people need to lose a bunch of money, I just hope it doesn't mostly hit passive investors and instead lands mostly on Elon-stans.
From the regulators’ perspective: it is a risk, but you disclosed that risk in the prospectus that buyers are assumed to have read (what percentage ever actually do?), hence it is fine
Well, when you buy into an IPO, they make you sign to say you read it. So either you did, or you made a false statement on a legal document
SpaceX has 3 major businesses: Space, Starlink, and AI.
This acquisition helps with the 3rd one.
I say this based on their filing which says that the vast majority of predicted profits will come from their AI company, citing a $36.5T total addressable market.
- "Space company" has a major LLM+datacenter business called X.ai.
- LLM for coding is a big business, as you can see from trillion dollar valuations of Anthropic.
- Cursor is popular and gives you a headstart on the business.
- Instagram was bought for the price of many many hospitals. Uber is more valuable than companies owning the cars. Different business models, entirely different valuation models. Not sure what that comparison entails. You know it. I know it.
Whether it is a good purchase or not, we may not know, but we know your characterization is just outright dismissal without much rationale behind it.
These kinds of comments reek echo-chamber parroting and zero substantive research. As someone that very much enjoys and carefully follows politics, the current political direction points squarely to Republicans getting absolutely pummelled in the midterms, effectively turning Trump's administration into a 2-year lame duck. What are you even talking about?
While other commenters have pointed out lots of details that point towards the favorable structural environment going forward, another idea that roots my thoughts towards this is that by creating facts on the ground, they are defining the new starting point.
Ultimately, reversing all of the different 'wrongs' or irregularities will be costly to both the opposition's political and attentional capital.
When was the last time substantive antitrust action was taken that forcefully restructured a large company to a significant degree?
So it comes across as a bit foolish to assume that any Congressional authority actually exists, or will continue to exist into the future, since we have many examples now of where that authority seemingly doesn't matter anymore.
Especially since the majority of Congress is in the same party as the current President, and is making no effort not to cede congressional authority to the executive branch.
But mostly they are fine with what's happening so they have no desire to stop him.
Americans tell us that we don't have a constitution — when we do, it is just not wholly written down. (It is in part).
We have a constitution that is flexible and precedent-based, but pretty stable, and it has emerged on top of the bits that are written down, and has amended them over time (for example, it is built in part on Magna Carta, but only two or three of its principles remain in law.) Notably a bit more of it got written when we agreed to be bound by the ECHR, but that was mostly absorbed into our understanding.
It has taken us hundreds of years to get to this stability, and it is defended from attack from pretty much all sides; every government risks changing it and there is pushback each time, because you can't govern if there aren't rules. The rules are precedent and convention, and there are various authorities and archives that are consulted to work out what they are if people think they are at risk.
We are regularly told by Americans that this is an intolerable thing; we need a written constitution or we can't know what our rights are!
But those same Americans, right now, are engaged in exactly this process. You have a set of written rules that give Congress power over things, and you are currently evolving a set of precedents that suggest that the executive can simply wander past them and Congress somehow shows deference or refuses to assert its power in some situations.
You're right at the start of building an uncodified constitution on top of the old one just as we did on top of Magna Carta.
It's not entirely new to Trump; every President in my lifetime has pushed on this except maybe Carter. And sometimes they push back (Roe v. Wade was part of this uncodified constitution and probably needed to be a written amendment.)
It could work out but it's important to understand that is what you're doing. And it's not just Unitary Executive theory or presidential immunity; the emergence of the Supreme Court's "shadow docket" is emblematic of the same process.
Even if I was this optimistic, the executive with a stuffed supreme court is not going to care what congress thinks.
We'll sooner declare market manipulation a form of speech.
> Please don't use Hacker News for political or ideological battle. It tramples curiosity.
RIMR says:
> nobody will ever challenge this, given the current political direction of the United States
It's obviously hyperbole to say that NOBODY will EVER challenge this, but I'd say it's directionally correct:
1. The Supreme Court is controlled by a conservative, pro-big-business majority that makes it very difficult for any legal attempts to challenge Elon's actions to survive litigation.
2. The United States Senate has a conservative, pro-big-business bias due its over-representation of rural voters and its internal norms (filibuster)
3. The United States House has a conservative, pro-big-business bias due to the gerrymandering efforts of Republican-controlled state legislatures across the country (which the Democrats have tried to counter and failed, see Virginia)
4. The conservative, pro-big-business Supreme Court has ensured that elections in the United States overall have a conservative, pro-big-business bias due to the unfettered spending allowed after Citizens United.
So yes, the winds seems to be against Republicans and Trump in the mid-terms, but the structural biases of the government are still very much pro-big-business, pro-capital, and anti-regulation.
It will take much more than a single mid-term cycle to reverse that trend.
Even if so, are the Democrats really going to do the house cleaning required to fix this? Their recent history implies that they'll try to pretend things are running normally, until it all explodes in their face (again). Maybe I'm wrong, and they'll actually fight for the country, but... I'm not surprised that companies (and markets) are expecting them to just... not.
SPACx designs, manufactures, and launches the world's most advanced ponzis on pyramids. The company will be re-founded every year by Xlon Tusk to revolutionize capitalism, with the ultimate goal of making market multilevel.
spacX has gained VC attention for a series of web3 milestones: It is the only AI company ever to run a 1000B-A3000-Thinkkking on low-Cost toasters, which it first accomplished in May 1945. Grokipedia made history again when its ClosedAI attached to Moonshot Kimi, exchanged token payloads, and returned Alignment to money — a deeply challenging feat previously accomplished only by Cursor 60B. Since then it has distilled cargo to and from Moonshot multiple times, providing regular RL missions for Goog.It’s all disclosed in the S-1, you read it right?
In America all you have to do is tell potential investors what you’re doing, its up to the people to use their discretion afterwards
Starlink was a fantastic way to increase the launch cadence of Falcon 9. “High production rate solves many ills” is part of SpaceX’s ethos.
They’re trying to do the same with orbital compute for Starship.
I’m not sure having their own frontier models is strictly necessary for that, but it’s at least related.
Most comments here seem to think there is no command line client? I have never used the editor.
For my personal projects, I use a heavily modified pi. I also have access to a claude code account through work (bedrock), but I don't use it much. It always seems to be down.
The cursor cli (`agent`) is fine.
Congrats to the entire Cursor team! I don't know all of their stories, but I do like to smile and celebrate a little when I see people who are often hidden in the shadows quietly making things x% better for all of millions of us every day for many years getting reward for that effort.
I very much can imagine a future documentary in a few years. With the host asking the audience: "Where were the signs?"
In the long term most markets are duopoly with small competitors. And personally I see OpenAI and Anthropic duking it out rather than SpaceX.
Patrick Boyle covered the SPCX trajectory fairly well... =3
To be clear, I don't know which part is signal and which part is noise any better than anyone else.
(edit: This is not at all unique to spacex, of course, but given the nature of Musk's companies and their "fans" it's logical that they would employ this strategy. They are also doing a staggered unlock to avoid upsetting the market when insiders start dumping their shares.)
We have both Claude and Cursor here, as well as agents running GPT, things in AWS Bedrock, etc and its my team handle the bills...when people use Cursor on auto, costs are under control, but there's always a dozen or so whale users who'll switch models manually and blow through the budget like it's not there.
Another thing: "better cost controls". There was for example no way for us to disable Fable in Claude, but we could in Cursor. Again, the opposite experience.
Everyone I've spoken with is now using either Claude Code or Codex (or Copilot because their companies force them to).
I can do most of this with Claude Code, but there's definitely a cost in maintaining it for the whole team.
Also their computer use in the cloud agents (when it works) is a game changer. No need to keep your laptop open / get a Mac mini if it runs in the cloud.
I switched to Zed, and I'm never going back to Electron/non-native IDEs.
I had absolutely no interest in their VS Code fork. The Agent Window was okay but buggy (eg wouldn’t load branches on Ubuntu via WSL2).
Overall used it a couple of times but still use Codex CLI as my main driver. Might try CC in the future esp. if they unban Fable.
AFAIK their market is pseudo-technical people who haven’t found the terminal yet.
The people steering the agents are the ones producing low quality code. I see little correlation outside of that.
Basic tasks in cursor. It's decent and damn fast.
All my team members also use it.
I typically use Claude for interacting with MCPs and skills to operate on live systems.
The simpler answer is that there is almost no value outside of buying some customers.
As you've proven to yourself the engineering work is doable on your own.
I've made my own agent and wired it to emacs via ACP... 60 billion in value, ok... sure...
I can't speak for anyone else but I wont be renewing my sub. Funding anything Musk related isn't exactly high up on my list of desires, and theres ample alternatives out there.
I know I'll sound hyperbolic but I'm deeply skeptical of the way anything Musk-owned is going to treat private data. I think he wouldn't hesitate to dig into it if it were to his benefit, even if there was an agreement against it. For that reason alone it makes Cursor look worse to me.
(mostly /s but I know I'd give it another look if it was that good)
Honestly, probably all of them. I imagine those coders are using all the tools they have available and are using Claude and ChatGPT as well as internal tools.
Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflating. But that can only happen if there is more and more demand. So it's basically a bet that there is an average amount of retail investors (I assume it's mostly retail investors but I could be wrong) that consistently put a percentage of their income into these speculative assets. Can this be maintained forever?
In short, the answer to your literal question is "no" because nothing remains forever in this world. The practical answer is "yes" because the TSLA stock has been irrational for years already and it shows no sign of stopping.
As more and more wealth get distrubuted to fewer and fewer hands, and as fewer and fewer extremely rich individuals control more and more of the market, My gut feeling is that if the market was ever rational (which btw. I am not entirely convinced of) that very much no longer holds true.
The current episode of irrational exuberance will pass, as others have.
The real question is, when does that run out of steam? When do we wake up to the charade that has built up around us? That's a much bigger thing than just Elon and his businesses. Like someone else said, when the next crisis/downturn/depression hits the house of cards will fall. Unfortunately it will hit all of us not just people in the meme stocks
Let me append the saying a bit: The US government can remain irrational longer than you can stay solvent.
There's basically two stock markets: things valued on fundamentals and things valued on vibes.
And I don't think there's ever going to be a unified theory of value that can span both, because the former is quantitative and the latter is psychology.
Stocks can start paying dividends in the future: MSFT did not in the past, and does now. AAPL did, stopped in the 1990s, and started doing so again.
You should be indifferent to the company's dividend scheme since it's the underlying business activity that drives total returns, and not its distribution policy. There is all sorts of magical thinking when it comes to dividends:
* https://canadiancouchpotato.com/2011/01/18/debunking-dividen...
* https://pwlcapital.com/the-irrelevance-of-dividends-still-a-...
A pyramid scheme can run out of people to keep it going: the stock market is in a sense a 'savings scheme' for future consumption. Younger people work and turn their cash into savings, older people take their savings and turn it back into cash: as long as young people need to think about the future, and older people / retirees need to pay bills, there's a mechanism to maintain this cycle.
And then you describe how the secondary stock market requires 'fresh blood' to whom to sell stock to cash-out.
It's precisely a legalised pyramid scheme that always needs someone to come in at the bottom hold the bag to let someone else cash-out. In turn they need someone to come in 30 years later. That's exactly how a pyramid scheme works.
That's exactly the question, though, since a lot of stocks seem priced disproportionately to their business activities.
* https://en.wikipedia.org/wiki/Keynesian_beauty_contest
Plenty of folks may think these companies are garbage but are 'playing along' because it's not necessarily what they themselves think that is important, but what others think. You can make money in a bubble, even when it eventually pops. What we're seeing now is hardly new, either:
* https://en.wikipedia.org/wiki/Technological_Revolutions_and_...
This is why I stick with index funds, as I don't really can't be bothered playing the game:
* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
I generally check my portfolio once a year, in January, when I top things up when new contribution room becomes available with the new year. It's 'fun' to follow along with the gyrations and drama as things happen, but I don't sleep over it. If you're reasonably diversified you can generally weather storms and come out okay on the other side:
* https://awealthofcommonsense.com/2014/02/worlds-worst-market...
* https://www.forbes.com/sites/advisor/2010/09/13/its-not-real...
Everyone is happy enough to give Elon (and others) more and more leverage to buy politically strategic companies (this is not that, this is probably just an ego buy for him, something to kill time because he can).
I was worried about him selling out (from an overall market and even index perspective when they were going to bend rules), but it looks like largely the whole situation is predicated on the idea that he can't or won't sell. I don't know how exposed the market is but it doesn't feel good.
No shit. That's why, even if it's an exaggeration to call the entire stock market a pyramid scheme, you can't justify the claim that it's entirely "underlying business activity that drives total returns". That's the real question (from which dividends are, yes, a distraction).
The S&P 500 index tracks earnings per share (EPS) fairly closely over the decades:
* https://www.macrotrends.net/1324/s-p-500-earnings-history
A lot of folks think the top ten stocks in the S&P 500 making up ~40% of the capitalization is bonkers, but they also make up ~40% of the net income share:
* https://en.macromicro.me/collections/34/us-stock-relative/14...
So from an earnings/income perspective, there appears to be a link between the two.
Perhaps worth noting that the US markets seem to (only?) outperform when tech is outperforming, with other US non-tech sectors basically performing the same as out countries' non-tech sectors:
* https://ofdollarsanddata.com/do-you-need-to-own-internationa...
There are other ways for performance to translate to the investors directly. For example, if the company sells itself then all the shareholders will get that payout. Stock buybacks are a thing. And, as other commenters here have said, eventually the company may start paying a dividend
But, you're not entirely off-base in that you're just buying into the vibes of a company. It's just that most of the time (much of the time?) those vibes have been rooted in some semblance of rationality, that there was something of value behind the shares you're buying. That is definitely not universally true anymore
Most stocks give voting power even if they don't pay dividends. Notably, SpaceX's don't.
I mean that can apply to anything. There's nothing intrinsic about gold that makes it valuable other than it's rare, but there's plenty of things that are relatively rare that aren't valuable. Yes there's industrial uses of gold but that's not why we as a society and a species treat it as valuable
Maybe bitcoin is the new gold and will hold value forever, and as more serious people get into it, it will lose its volatility and be less subject to the vibes shifting and there being a run on the market. Maybe not
It is different from Elong stocks, though, because the myth of Satoshi aside, it's not exactly a cult of personality like his companies are
A decade ago it was under $1000 and has never been that low since. It's peak price is only about 2x the current price.
And being higher over 10 years has little to do with it if acts counter cyclical to stocks and other assets.
BTC has been called many things at many different times. It was originally a payment system:
> A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
* https://bitcoin.org/bitcoin.pdf
And it can still be used for that, however the transaction throughput is tiny, and so it became a store of value in essence: but it's kind of hard to be that when the value swings up and won so much. While "fiat" currency inflation is annoying, it is, generally, fairly predictable in most cases (<4%) and so you can plan ahead with regards to future value and purchase. The same is hardly true of BTC.
Even companies have some value after a crash and you could make a case that at some arbitrary point it was worth $x and since the crash didn't cause the company to crater to below $x it has not "crashed". Even companies filing for bankruptcy have some residual value above what they might have been founded on - it doesn't mean the company hasn't gone bankrupt.
The total addressable market even at Space X's own calculation for space launches is only $370 billion. And, supposedly as the only company that can launch things into space they are still losing money on that business. This is bankrupt-a-casino levels of incompetence
They're making money on telecoms, and may have just started making a profit on renting out the data centres they originally built for the AI that it turned out hardly anyone wanted to actually use.
Here, “technicals” means technical analysis signals rather than the company’s business fundamentals. In other words, Burry is saying the stock could rise because of chart-based trading, momentum, and market behavior—not because investors think SpaceX is truly worth that much based on revenue, profits, or other fundamentals.
How long can the hype be maintained? TSLA is still maintaining its hype, judging by its P/E ratio.
Exactly, but there are people out there who buy stocks based on technical analysis. It can have an effect if enough people act on it's "signals".
Current US national debt is approximately $39.22 trillion. As we achieve a zombie movie, level of collective madness, lets take all this into the last degree.
Nationalize SpaceX, and with this bright obvious future described on the prospect lets pay US debt :-) Pay US retirement benefits pensions in token credits, pensioners can resell, make an options market for tokens. I am sure Robinhood will open you a margin account for that?
Lets open a futures markets for food goods grown up on SpaceX Asteroids, as they will have free solar energy. They can grow them three times faster than on Earth...
To quote Ron Baron yesterday on CNBC, we are all going to earn hundreds of billions....
While this would be conceivable if some future AI gets good enough to actually replace 100% of global paid labour currently done by using a computer, the reference class I have here is that Wikipedia is definitely not valued at [number of people online] * [peak cost of Encyclopaedia Britannica].
Economic displacement on that scale breaks the valuation.
I think you are spot on. The problem comes if SpaceX goes out of fashion, not its fundamentals.
Cryptocurrency, such as Bitcoin, is undoubtedly a meme. If given a choice, one would prefer to possess any of the rare metals, rare earths, or any other elements that can be obtained in sufficient quantities, whether on land or in the ocean. Bitcoin or cryptocurrency is beneficial only to insiders and not to the general public. In essence, they are akin to modern tulips with a cherry on top, and like Tesla in 2030, one should avoid being caught with the bag.
People comment on gold and Bitcoin, but don't realize the same principles apply to US dollars and bonds.
Currencies are a little different, since they are required to pay taxes; and payment of taxes is enforced (to varying degrees) by state violence.
Hence if you believe you will be taxed ("death and taxes" being the only certainties in life, etc.) then the currency associated with that tax has value, in that it avoids imprisonment, etc.
The "value" of something can be a bit of a meta-game:
> A Keynesian beauty contest is a metaphorical beauty contest in which judges are rewarded for selecting the most popular choices among all judges, rather than those they may personally find the most attractive. This idea is often applied in financial markets, whereby investors could profit more by buying whichever stocks they think other investors will buy, rather than the stocks that have fundamentally the best value, because when other people buy a stock, they bid up the price, allowing an earlier investor to cash out with a profit, regardless of whether the price increases are supported by its fundamentals and theoretical arguments.
* https://en.wikipedia.org/wiki/Keynesian_beauty_contest
Plenty of folks may think these companies are garbage but are 'playing along' because it's not necessarily what they themselves think that is important, but what others think.
This idea was put forward by Keynes in his General Thoery publish in 1936, so human nature has hardly changed since then.
And given the financial statements in the SpaceX IPO, to the extent X still has any value at all, it is almost all just influence of one kind or another, not actual money.
It's a different kind of hype than Nvidia has, which is showing very high and fast growing revenues (which may not continue, but they're real now). Jensen I think is not as critical to the AI hype as Elon is to his companies.
All these major tech companies eventually get leadership changes. Apple, Google, Amazon, have all done well because they're real companies and go beyond their original leadership. Tesla and SpaceX I think would surely go down the moment Musk is no longer in leadership.
https://www.natesilver.net/p/elon-musk-polls-popularity-nate...
majority view him unfavorably.
Indeed, but for general stock market purposes it's one dollar one vote, not one person one vote.
Possibly even worse. Short-sellers got burned on Tesla (and perhaps now also SpaceX), which may mean the marginal buyer and seller consists only of people who already buy into the hyper and by trading are sharing price info with each other rather than with a single person who doubts the man.
I sold my Tesla stocks a while back; the people who kept them don't care what people like me think.
Obviously not. It’s all about timing your bail so you don’t get left holding the bag.
This is not true.
BTC is way more sane than SpaceX as can be seen by it's history so far.
I think SpaceX is definitely overpriced but saying that BTC is more sane is completely delusional.
stables are much better for transactions anyway
Also, everything on level 2 needs to be ultimately balanced on level 1; BTC doesn't have enough throughput to balance all the banks in the world, and lo Lightning appears to be consolidating into fewer nodes.
Also also, everything level 2 (including Lightning) necessarily takes away at least one of the selling points used for BTC, and replaces them with something functionally equivalent to 50% of a bank but worse.
> Current actual throughput is significantly lower, estimated at around 300 TPS, because the network is still growing. However, Lightning's architecture scales horizontally: as more nodes and channels are added, capacity increases without any protocol changes. The network's total value locked has grown past $500 million, with over 15,000 active nodes and 50,000+ payment channels.
The layer 2 has been predicted by one of the first adopter in 2010 so it was always the plan
https://bitcointalk.org/index.php?topic=2500.msg34211#msg342... It can scale without any changes and if there is demand it will surpass Visa and MC
The market has long shifted to "buy Litecoin with cash, swap it to Monero" for these kinds of activities.
It costs the same amount of money to literally go there by plane and bring it as cash. This is not fair obviously. So traditional finance is a scam itself.
It takes 10 seconds and no fees to make the same transfer via blockchain.
I am pretty sure you know basically nothing about those crimes or the people that do crimes or how they actually transfer money. Just doing casual newspaper intellectualism while talking about things you never interacted with
Yes. Unfortunately the traditional financial system is governed by a country which has been behaving increasingly erratically, threatening its long-term allies with invasions and committing obvious war crimes. This is not a "good guys vs bad guys" scenario.
...it is also propped up in value by a frankly insane demand for it from other countries...on its fundamentals it would be worth much less
The point being: BTC is a an abstract good, of no practical use except that of being transacted. Has whatever value the people are willing to pay for it, and has had a value in the tens of thousands for long enough that buying one with the intent of keeping it for a while is not such a stupid idea. I don't currently own any but there is a price at which I would buy one, and that price is many thousands of dollars... For an alphanumeric code in a distributed ledger.
Someone on HN: "BTC is valueable solely through the power of memes".
There were two individuals who each bought $1B: Ron Baron and Gina Rinehart.
While they are individuals, they executed these billion-dollar investments through their massive corporate entities and investment firms, rather than personal brokerage accounts.
A retain investor is an individual, non-professional investor who buys and sells securities through brokerages using personal funds.
On the other hand, the fact that BTC has absolutely no intrinsic value can be an advantage over a real company, as it makes it more insulated from reality. Supply chain shock? No problem. Competition? Same. New technologies, political change? Neither.
The main reason humanity hasn't meaningfully started expanding into space is because it used to cost $54,000 to get a liter of water into space. SpaceX brought that down to about $5000, and then further down to near $1400. That's a massive reduction in price, but you're still left with the problem that it costs $1400 to get a liter of water to space, which is why we still can't have nice things, yet.
Starship has the promise of bringing that down a couple of more orders of magnitude where the goal is to get it within the $10-$20 range. If they succeed, then you've just opened the doors to an entire new frontier of expansion and growth for humanity which is practically infinite. And right now there's no real reason to think that they won't succeed. And more importantly than this is that nobody seems to be able to compete on their level, or even remotely close. Their closest competitor is probably China who remains technologically well behind. And so SpaceX today is akin to being able to get a piece of some sort of super-ship making monopoly, just prior to the Age of Sail. The downside risk is basically zero since they're still making rapid progress - the only question is how rapid. And upside potential is basically infinite.
[1] - https://www.cnbc.com/2026/06/11/spacex-cuts-retail-ipo-alloc...
Am I naive in thinking that we haven't expanded into space because we don't need to? What's the benefit?
For why we'd want to go at all: there's a lot of resources up there, and pollution is much less of a concern for factories made up there. Also some material processes may be much easier in zero-gee.
But that doesn't mean it's actually worth the effort.
Access to resources. A sense of adventure. Learning.
Some people are suggesting making high quality fibre optics and pharmaceuticals in LEO already with Falcon prices:
https://en.wikipedia.org/wiki/Space_Forge
https://en.wikipedia.org/wiki/Varda_Space_Industries
While I am *extremely* skeptical, I've heard people talk about space-based solar. I mention this only so nobody adds an "and also" for that.
Ditto anyone talking about lunar He-3. This is a bad idea, "why" is long enough to be worthy of a blog post.
But if you were committed to expansionism for whatever reason, then you'd want some way to get industrial quantities of steel from mines already in space, to make the factories themselves cheaper. Possibly megastructures like an orbital ring, too.
Since you are right. All of these things are available on Earth for far cheaper, with better ROI and with far less risk of dying or getting early cancer from cosmic rays.
The real benefit is a commanding lead over geopolitical rivals in the domain of satellites and satellite platforms for hosting devices in orbit, thus securing an insurmountable national security advantage.
The second reason is that the notion of economics becomes kind of odd when you start introducing space. Space has practically infinite resources of every type imaginable. For instance one single asteroid, Psyche 16, is thought to have orders of magnitude more gold than has ever been extracted in human history. But I mean, what does this even mean economically? Obviously if you start bringing back hundreds of thousands of tons of gold, the price is going plummet. And even the viable possibility of this happening would probably send the price of gold plummeting. So... it's weird. We're in uncharted waters.
And then on top of this access to space will mean we will start expanding outward - colonies, vastly larger stations stations, and so on. And these expansions will develop their own parallel economies with their own needs/production/etc. This is all kind of like trying to predict the economics of the internet before the first cable had been laid.
But the current claustrophobic nature of the ISS was, again, not the destination. There was a grand scheme of in-orbit refueling, fuel depots, and much larger scale space architecture. Something of the ISS scale was intended as a short jumping-off point, a workers' tent analog. But our progress stalled out and the workers' tent is what we were left with.
The point I'm making here is that space in the era we're stepping into is very unlikely to look much like the one we're leaving. This is even more true as the price drops because private industry will be able to play a major role. There will be no Nixon to just cancel everything out of concerns for his political career.
Even with cheap rockets, Musk was talking about 6-digit-dollars for becoming a Martian, I don't see more than a few million people wanting to spend that much for that outcome.
If we get self-replicating robots or whatever, big space stations aren't that expensive, but also Earth is huge and you can extract minerals from seawater electrolytically and PV is already cheap, so perhaps we'd just get a load of seasteads instead: https://en.wikipedia.org/wiki/Seasteading
Really hard to say. Everyone who does space stuff talks with the same level of optimism as Musk but historically they deliver less.
But for what it's worth, I don't think Musk's going to reach Mars except in an urn, baring some surprise development in anti-aging medicine. Even though their progress is rapid by the standards of the industry, they are still slow in terms of natural human lifespan and his age.
> Have you sketched out the net present value calculation for an investment in spacex today based on that?
IMO, their market cap should be around $200bn at the moment. That's mostly Starlink, so if there's a Kessler cascade *or* if China makes a competitor that goes down to about $80-100bn
The long-term stuff about Mars or turning the moon into a factory for modular data centres is too far into the future to be worth considering.
E.g. imagine in a bet you think there's a 99% chance of something being worth $1 and a 1% chance of it being worth $1 million. What's a fair price? It's a simple calculation - 0.99 * 1 + 0.01 * 1,000,000 = ~$10,000. That's you setting a price of $10k on something that you fully expect to be worth $1 99% of the time, and still coming out just fine.
So the actual debate should not be on 'guess the future' but rather on the odds of Starship delivering and estimating the impact this would have. And I think to many the answers are fairly easy - 'very nonzero' and 'very big.' It's akin to the NVidia/Apple stories, except in this case it's being somewhat priced into the market to begin with because it's somewhat more probable, and easier to foresee.
The easy version of this is to value a company over the next 20 years of profits. The first half of that time horizon, I don't see much changing at all outside of Starlink subscribers. They've only got ~5 Mars launch windows in any given decade, and while their design philosophy is great for LEO where launch windows are daily, launching rockets to see what fails is exactly wrong for Mars.
OTOH, now to 2036, there's at least a chance AI goes boom. Perhaps even one of Musk's AI. Great for the overall economy (at least right up until it changes the economy so much that capitalism looks as obsolete as feudalism looks today, which may or may not be in that horizon), but even if it's the next industrial revolution, there's so much competition there that I expect everyone's profit margins to be almost nothing. And conversely, if any one of them does appear to be massively dominant, in comes an anti-trust case (who remembers Standard Oil?)
Same with rockets, though a "rocket boom" is perhaps an unfortunate phrasing. He finds a way to make more money than expected, just like he's already doing with Starlink? Great. Industrial espionage is a thing, and even if it wasn't, China's not got a problem with the state funding businesses to simply re-discover everyone else's secret sauce. US companies and residents may find themselves restricted from using the fruit of that work, but most of the world will just buy what's cheapest.
Still, as I said, your point is valid.
There is no backup plan.
The big revolution with SpaceX was meaningful reuse (I can get into the comparison with Space Shuttle if you're unfamiliar there). Landing and reusing rockets is something that Boeing et al thought was impossible from an economic point of view, and actually taunted SpaceX in their early years over it along the lines of 'Oh you're going for reuse. Yeah we researched and trialed that out a decade ago. The economics don't work. Cute to see you trying though.'
Their success there is what helped bring the costs way down. But there's still plenty that's not reused - in particular they currently only reuse the first stage (the big rocket that gets things off the ground initially) while discarding the second stage - the space-optimized payload delivery rocket. With Starship they're going for 100% rapid reuse. So you're looking at this absolutely massive 2 stage system where both parts will be able to be repeatedly and rapidly reused.
Or take the early sea voyages. Not only were there endless worries about things that were ultimately nonissues like sea monsters or falling off the edges of the Earth, but there were endless very real dangers awaiting which we had no clue about or how to deal with - scurvy, rogue waves, and much more. In the aforementioned Age of Sail, it was just expected that a significant chunk of your crew would die. Yet somehow we pushed onward and outward.
And the infinite possibilities of space are going to absolutely dwarf all previous frontiers in terms of interest and potential.
Like everything else in finance...
Saying this is not to defend all sorts of crypto-bros. The economy, especially one overly focused on publicly traded companies like the Western, and especially the US economy, is a meme economy.
Coffee, flats, healthcare, military spending, etc., of comparable quality in the abstract East, cost multiples less than in the EU/USA because they and their currencies are weak on memes.
Of course it can collapse before that, but if it gets to that point it is guaranteed to collapse.
I mentioned this in other thread(https://news.ycombinator.com/item?id=48514481), we are at runaway intelligence already.
Mostly because we are looping AI to fix problems, and then the same data is used to improve AI. There is no upper limit to this.
Taken to its logical conclusion, this process needs a hardware scale that might even look laughably huge at this point. Its fairly obvious space is going to play a big role in the coming times.
I could be wrong, and I humbly accept it when Im proven wrong. But it does feel like a lot of people in top places know we are going to need all the energy and resources space has to offer to run this runaway intelligence.
I'm an AI booster, but this really doesn't follow. There's absolutely no guarantee that the marginal improvement from this continues to hold.
Validated data coming out of LLM(Itself generated from a recursive/loop process, used to incrementally arrive at solutions) being using to improve the very LLM is a very powerful loop. And there is no real upper limit to this, at least not in the near future.
Like most exponential processes, the start is slow, but it gets fast very rapidly.
This is also what Anthropic has said, the ones training these models today(i.e 2025 - 2027) will be impossible to catch up with, let alone beat.
So we are at a kind of runaway AI already today.
> there is no real upper limit to this
This is what you need to cite for your argument to hold together.
Companies like this become bigger than their founders.
And I'm sure many on the Left would argue that Tesla and SpaceX would be healthier companies without Elon Musk.
Although I tend to differ on that, having owned $TSLA for a long time. Never bet against Elon!
I moved away from Cursor when I noticed the responses from specific models were not as clean or accurate as when I'd prompt the models directly, which was something I didn't know how to do early on. I hypothesized that they had some boilerplate prompt sitting atop of my own, causing less precise or desirable results.
I would assume Cursor is still one of the best options for normal developers to get started with AI, but with Copilot forcing their foot in the door at many companies, I wasn't sure how well it would fare on its own. Being acquired by SpaceX should help, and I'll be interested to follow along and see how things develop.
Why? (Genuinely curious, I would have assumed the opposite)
Cursor is an extension for VS Code, a harness and a bunch of prompts.
They have their own model (Composer 2) which is based Kimi K2.5, but I don't think SpaceX would be interested in it.
If they need a harness for grok, they could fork PI.
What are they after for here? Customer base? Talent?
That's not crazy because if past predicts the future, that revenue will grow quickly. At $8 billion/year it's just 7.5 years, which is a reasonable investment.
It may be that spaceX is buying an operation that would realistically take 5 months and 100 million to copy in-house for 60B because the worry is that waiting 5 months might cost that much in some sort of lost opportunity. It also might be that in any negotiation SpaceX is viewed as incredibly cash-rich and so anything can be sold to them for inflated prices.
I really don't understand these companies valuations it seems like boardrooms everywhere are in a constant state of panic that they'll lose it all if they aren't growing a breakneck pace constantly.
This assumes that Cursor's annual revenue will be the same or higher for over a decade. It's not really like they don't have competitors
I wouldn't bet on Musk, but I DEFINITELY wouldn't bet against him. Anyone betting against him over the last 10 years has been viciously smoked (many short-selling hedge funds got wiped out completely).
In terms of the stock market, definitely. Honestly though, all those people who said self-driving wouldn't be solved by now, that Tesla didn't have a great moat and that the Boring Company was profoundly stupid were in fact correct.
Where are you getting that? There's not a single piece of data out there that will tell you Twitter has increased in users. Not only have they visibly dropped in users, but it's becoming increasingly clear the site is Astroturfed with bots.
The choice is not Twitter or Bluesky. Most people moved on to TikTok. I don't know a single person who uses Twitter.
- xAI needs the coding related data to compete with Claude Code and Codex
- Recent progress with Composer 2.5 seems promising given the size
- The may get a comeback on the smaller than Enterprise battle field now that the other two got so expensive
- The way that Elon set up this entire process was quite genius. They locked in this option before, and now after the gains through the IPO, it feels almost like a discount, lol
My hot take is that it will probably be like the OS landscape:
- Some established enterprise option (Windows)
- Quality secondary option for professionals (OS X)
- Super users / nerds / tinkerers (Unix flavors)When I first saw the company built on top of vscode in such a crowded field way back at the end of 2022, I thought "forget having a moat, they are renting their castle from the invaders!" - I couldn't see how see how a single team could execute well enough to effectively muscle their way in between Microsoft and OpenAI, who at that point looked destined to control the developer ecosystem between GitHub, VsCode and the then-best coding models. I think it's easy to forget how insane this seemed even just a few years ago.
But every year since then they managed to simply ship a better product on the axis that mattered to the most users. And now they are sitting between a huge user base and a massive stream of valuable tokens, they can sell to SpaceX. Incredibly impressive.
And their current work on Composer is great. Composer is super fast and quality is decent. More competition in the model space always welcome.
I'm not saying HN should be super supportive of everything, but the level of hate and complete loss of reality for a lot of people is quite sad to see, for a community of supposedly intelligent people.
The highest github stars one is called `zed` another one i've heard about is `Cline`
theirs also a few that yc backed ones:
`Void`
`Continue`
`PearAI`
For what its worth the non yc ones have way more github stars but im sure the yc ones are good too. I think `Continue` is the biggest yc one.
(Edit sorry forgetting names, I mean who's going to buy Earendil). Good luck to Armin, he's done some good stuff.
edit: From first glance, it doesn't look like it. But I basically don't trust any tech company that takes to Tolkien naming conventions.
Sounds like it is not related
I run a bunch of Claude / Codex TUIs + vim in terminal tabs on i3 workspaces on Linux whch I know isn't the most common.
The idea is to make it fully autonomous so it is not really something that is meant to be constantly prompted and it is unlikely to fit most workflows but the idea is to make something that fits the future - not the present.
2020: Leave Meta and start a company.
2020–2021: Spend ~18 months looking for PMF.
2021–2025: Build Graphite around stacked PRs, code review, and merge queues.
2025: Get acquired by Cursor because AI makes code review the bottleneck.
2026: Cursor gets acquired by SpaceX because Elon.
Not a startup arc I would have predicted from `gt stack submit`.
This is not really a diss on SpaceX either because a lot of IPOs go through an immediate pop and then 1-2 years of doldrums as lockouts expire and promises aren't quite delivered.
Nobody knows what 60 billion in SpaceX stock today will be worth when Cursor insiders finally get to sell (at least a year from now, after other SpaceX insiders have started selling).
Investors in certrtain rounds (or sizes) tend to have no lockup, whereas later stages have a six month. Alternatively, I've reviewed agreements where the lockup is based on minimum market cap, but I've only seen that a couple of times.
> Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months
You might be referring to staff members who have shares ? Their shares are not restricted securities as far as I know, but their internal company policy might affect those, but I'm not 100% certain on that.
It's hard to say that they footed the bill here, but they basically gave SpaceX a number to say "well our stock went IPO and it's at this price, so here's 60B at this price"
A good tactic from SpaceX as after the inital surge of a big IPO, the stock price usually comes down and finds it's correct balance, which is usually always lower. So if they had of waited the 'cooling off' period of a year for example, and the stock price went down to it's 'correct' valuation, then they would have had to issue a higher number of stocks.. At least that's my thinking, but I'm terrible with money.
Composer 2.5 was a huge leap with minimal compute from xAI.
They can compete with OpenAI and anthropic with xAI scale compute. They have a top notch model team and incredible training data and huge enterprise costumer contracts.
while we had it i used cursor for probably eight months as my main ide (i did really like the interface for embedding code in prompts!) but had no problems switching to claude code. i asked around, and i truly don’t know a single coworker who misses cursor even a little bit.
I was fully in on Cursor for a good chunk of last year, using Composer + Gemini Pro (via Copilot / GH integration). I really enjoyed Cursor's tab completion capabilities, but when Sonnet and Opus started getting particularly good for me (think for me it was around 4.5), I swapped over to Zed + claude code in the integrated terminal. I've found that after a bit, I haven't ended up missing the tab completion. I've been perfectly fine with just LSP + claude always open. I don't miss Cursor. All my colleagues are on claude code with half of us also using Zed.
For someone who is new to agentic code or is generally somewhat junior, Cursor is very easy to get started with and is generally fairly frustration-free.
I use a cheap $20 subscription mostly for occasional use of Opus and Composer.
SpaceX made a smart move here. Someone else should have really seen the opportunity and bought them.
IDE improvements are not a zero sum game.
Vs Claude Code: I like the option to change the models, as I often prefer ChatGPT or Composer to Opus. I have a slight preference towards TUI, but not so strong to drop the models.
Vs JetBrains. I really love JetBrains but the tab complete just works so well for me.
composer 2.5 is also a very decent model, it go 90% of my AI tasks using it now.
It is not like purchasing soap in the supermarket.
I found it less effective than free copilot autocomplete on vanilla VSCode.
The only kind of AI I want in my editor is an autocomplete, but this isn't very magical to non-programmers (their TAM) or all that valuable (you can't charge thousands), they bought Supermaven and basically killed it, I'm not sure how you think tab is really good, I've not been impressed when I played around with it.
Lately I use Cursor with DeepSeek API, and OpenAI subscription through their Codex App.
Their valuation should be very closely tied to how how many tokens it takes to get from Void to Cursor.
If those values diverge by much, something is rotten in the state of Denmark.
To paraphrase, the biggest trick the devil pulled is convincing founders they need a moat.
What matters is that this has enough "future story value" to keep the few investors invested... allowing for the planned index funds to buy into the overvalued stock & allowing for the largest heist in the history of money.
It's become pure hype and drama on the global stock market stage.
If Musk is worth a trillion while not generating a trillion of value, then it's a heist.
heist: "an elaborate, meticulously planned theft, typically targeting highly valuable items, large sums of money, or financial institutions like banks or museums"
And AI companies are not short of capital.
Announcement of Cursor acquisition to SpaceX
https://www.sec.gov/Archives/edgar/data/1181412/000162828026...
Details of Acquisition
https://www.sec.gov/Archives/edgar/data/1181412/000162828026...
This announcement is a definitive agreement of the acquisition at that $60B valuation.
Was the acquisition "effectively announced months ago"? or was it the right to acquire the company or pay $10 billion that was announced months ago?
It would be equally relevant if it went the other way. But clearly both of you are confused on what was said they would do in the future (which that was the announcement months ago) vs what are doing today.
[0] https://www.reuters.com/technology/spacex-says-it-has-option...
Aviator [2] is also good, and they have a hosted UI with merge queue support as well.
Cursor doesn't really have that. We've got it at $DAYJOB but it's not even the only one, I can also use Zed or Codex or Claude or probably a half dozen other things I don't even know about.
I suspect a lot of companies have that right now because the market for AI is so volatile, and in the near future will trim that down to a couple of tools and Cursor doesn't have much to keep them at the top of the list imo.
I also wouldn't pay 60 billion for a bunch of enterprise contracts that have to compete against Microsoft. No one is dropping Microsoft as a vendor, and they have the ability to up the prices for stuff people need like Office and use that to make Copilot free. If times get tough and companies need to cut costs, it's a lot easier to part ways with Cursor than Microsoft.
I do hope that Cursor doesn't remove any of its current model offerings, and just offers Grok Build in addition to what they already offer, in my opinion unless most of their clients "switch" to Grok (like metrics show they're mostly using Grok vs other models), it would make more sense.
Enterprise AI adoption has reached a point now where FinOps matter, and a harness platform story with a discounted underlying model can be enticing for a number of organizations.
I've seen Gemini land well in a F100 well known for their AI hardware story for that reason, and Alibaba's leadership canned the OSS minded Qwen team in order to build a similar commercial minded approach as well.
At least in cybersecurity, we're also reaching a point where the harness is starting to matter more than the underlying foundation models, and building a harness/bedrock style story while discounting a specific model can play well in upper market deals.
There is a recognition that foundation models and tools leveraging them will introduce some degree of nondeterminism, so the best way to solve that is to leverage preexisting best practice that is used to reduce lateral movement risk by humans (who are similarly nondeterministic in nature).
I don’t miss the days of fumbling around with my local repos across my multiple agent work trees or clones.
I just throw a task at Devin and I get a PR a few moments later.
Then it monitors the PR for any failing CI or review comments without me in the loop.
Now I can have 10+ Devin’s running at any given moment as I walk home from the coffee shop.
Initial announcement back in April
If this acquisition goes through the only winner here is Cursor, especially since CC and Codex are chipping away at Cursor very hard!
Hard to square this with that acquisition which seems to be focused on Cursors vast amount of User Data.
At least for now.
Nobody can put a dent into Coca Cola because of their market. Better products exist but there is really no way to compete against $5 billion in marketing allowing them to maintain $50 billion.
Cursor is ~1MM users a day. $60k/per user is high but considering this is a stock buy, Space X "made" $300BN in the first day that is ~20% or one day of positive movement.
For Musk (with his baggage) to create or steer that user base would require a significant investment and time. Why not just slap some coupons from an initial bump to acquire the user base, user experience, and IP?
They did use that data to make Composer 2.5 which was decent but still a step back from GPT 5.5 and Opus 4.8. Though it’s really good at UI.
Most of this is just customers + staff/tech rather than models being acquired. Cursors actually got so much better in the last year. Their composer 2 model (a tweaked version of Kimi K2.5) is decent for day to day mundane tasks and the app can auto switch to more capable models when needed.
Edit: I realize my question is maybe harsh but I think it’s valid for these drive by comments that drop a question like “isn’t tab completion dead?” Without any other substance it is a huge detractor to the comment quality of the site. At least add more substance or opinion.
Of all the ai companies out there, anthropic and cursor are the two id invest in.
So, you know. Couple of things.
Specially given that coding turns out to not be all that complicated, in the grand scheme of AI things: I don't think it's going take much more advances at the frontier before code writing will be as good as it need to be. At that point Composer (their model) catches up, what, 6 month later and they good.
In a world where even Microsoft is needing to use AWS for capacity beyond Azure, xAI's utilization of their data centers has been so low that they are renting them out to competitors instead.
Nobody wants Grok. If you aren't using GPT-5 or Claude, you are probably using an open Chinese model like Qwen hosted by some provider.
I would expect Cursor to be forced to use the Grok Code models in short order. We'll see how people feel about "Mecha Hitler" writing their code.
It's almost like giving a toddler $100 in the toy department and seeing what happens next.
Likely, Cursor becomes Grok Desktop or whatever, and eventually uses xAI's coding model if they can make a competitive one.
So SpaceX is buying 15 years of future cashflows, assuming no change in revenue. Which is bad assumption given past growth was gigantic.
They are also buying 300-400 employees with proven record of training good coding models.
Their expertise will be used to improve Grok Build coding agent.
Also, they're using stock, not cash, so effectively they doubled the amount of money raised.
Is Grok not a toxic enough brand (by association with Musk) that people who would use Cursor wouldn't avoid Grok?
Like, the assumption seems to be that all the goodwill that Cursor users have towards Cursor will now apply automatically to Grok, which seems like a pretty significant leap.
Comparing grok vs Gemini vs GPT vs Sonnet is like comparing mid-high end CPUs. They're all about as good as one another for most work.
You do you, but that's a very morally implicating choice you're making.
In no way is he a nazi or any of the other ad-hominem attacks y'all throw here.
You'll probably point to one instance of an awkward gesture, like Elon isn't awkward. Clearly hearing him talk, he's not a nazi or racist.
If you're going to use the model to learn history you're going to learn the version of history that the model teaches you. A little bit of digging around grokpedia should give you some idea of what that model thinks
But you may be seeing your bias if you think grokipedia is wrong.
Probably being used to leftist editors on wikipedia would do that.
Or maybe it's somewhere in the middle for some events. You can always validate sources and determine for yourself.
Even if the way they are doing it did damage coding performance, it is a simple matter of serving another model without that fine tuning in the enterprise API preferably only to the grok coding harness (or cursor, now). Coding performance for subscription plans don't move the needle in terms of revenue anyways and quality there doesn't matter as much.
Are they? Their Composer 2.5 models is based on Kimi K2.5, it's not a bespoke model.
The main challenge is: If models get better, why would humans need a tool like cursor, when they have AI agents doing the coding for them?
I'd argue it's a bad assumption in the opposite direction. There's no moat. People can and will switch tooling and Cursor could easily be left with a steep decline in users.
https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-f...
I'd expect more of the same to come - good way to lock in some of this crazy SpaceX valuation by converting it into something with a bit more inherent worth.
Tesla next?
In any case not all bits of paper are equal. Monopoly money bills are not worth face value!
The product itself is practically a vscode wrapper with Agent implementation and K2.5 forked model (composer).
you should be foaming at the mouth to use claude or codex to make a custom harness, just for your own personal use with local models...
Does Deepseek offer any discounted tokens subscription like that?
Zed is so much more stable and sleek and the agent view (threads) actually integrates nicely in a real editor. The side editor in the agent window was so much worse than the vscode base I expected, I have no idea how they dropped the ball so hard here.
> For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.
I guess the cursor guys will be happy because they got their pay day, but I'd be very aware if I were them that their future is at the whim of whoever Musk appoints and it's difficult to tell who that would be right now.
I guess now is the time to take bets, so I'm going to bet an early OpenAI employee like Sutskever gets the job and they acquihire him in. Here's a bit of a laugh - at this stock price Musk could probably tempt Demis to come over, that would be wild.
Mesmerizing....
Is Cursor dying?
VCs that say "I always knew the team was special", give me a break.
And I'm here trying to get something to make a $1000 per month. What a world.
“Have you figured out what you're going to say to your board when they realize you paid me thirty million more than others were offering?”
In the span of <20 years we’re talking about a sale price 3 orders of magnitude larger than a minor plot point of a hollywood movie.
Is it though ? Their TAM in their filing lists 85% as AI. $18.7 billion in REVENUE 2025 yet are spending more than 3x that for Cursor, and AI company.
Claude Code and ChatGPT need some competition. So that they also innovate more.
There’s an unprecedented amount of money at stake. And the admin has never been so openly and blatantly for sale.
I've been using the Pi agent with Deepseek for some days.. and I'm more than happy with that.
IPO proceeds after greenshoe: $85.7B
Major disclosed cash / debt-related commitments:
- Take out Bridge loan tied to X/xAI debt repayment: $20.0B
- Take out EchoStar debt payoff / cash component: up to $8.5B
- Take out EchoStar debt-service funding: up to $3.0B
- Take out AI infrastructure lease commitments: $20.2B
Subtotal of major disclosed commitments: $51.7B
Rough remaining cash before other costs :-)): $34.0B
Lets now talk about buying Tesla, doing Quantum and building a Dyson Sphere and do another round?
Awful what VC money did to it. Hope to never use it again, now that work stopped mandating it.
It has access to all top models, great IDE integration and their AI based autocomplete is still unbeaten.
I have no desire to use a TUI, feels like a downgrade to me.
Good: - Composer 2.5 is pretty decent for the quality / price ratio. - Easy to assign an issue to it in Linear (I know Linear just added this natively for linear agent, but it seems rubbish compared to Cursor) - Bugbot actually finds some useful issues (things Claude and Codex will miss) - Using @cursor in github usually works well, and better than @copilot. - Working with Python Monorepos with UV in their IDE. VSCode and Cursor work well here (Antigravity managed to screw it up somehow).
The Bad: - Usage/billing dashboards - These are are opaque and you can't attribute what actions map to what spend. - cursor won't follow PRs well like Claude Codes does. - Setting up environments is less good than Claude Code - Their IDE fork is woefully out of date, it'd be nice if it had more of the codeium fixes.
The Ugly: - Settings - Try to turn off bugbot, there's multiple places you have to do it. Good luck figuring them all out. - Support - they are polite, but gas light you and tell you it's your fault their product's settings are awful.
CC is mostly my default for large tasks / features (ex. Plan > execute plan ) Biggest gripe with Claude Code is that it is painfully slow relative to the other two.
Cursor for small stuff like bug fixes since it has a lot of models to choose from. I love the review/ diff / checkpoint features. It's planning feature is on par with CC. I'd probably use Cursor as primary driver if it had better cost efficiency. Next version or two of Composer may fill that gap in cost/quality/speed.
Codex isn't allowed at my work, but I use it for personal projects. It has the best balance of quality / cost / speed even if it's planner is poor and quite frankly the codex harness needs to catch up with the other two.
CC for quality / cost. Cursor for quality / speed. Codex for balance of the 3.
largely lags behind opus4.7/gpt5.4, but is respectable, and generally outperforms the glm/qwen equivalents anecdotally despite benchmarks.
fails to follow instructions more often, and is less code critical, but performs okay if you can decompose the task to smaller problem spaces. i.e. only do manual review, only do typechecking, only do specific component. etc
https://artificialanalysis.ai/agents/coding-agents?coding-ag...
I like the ability to switch between any models, Composer 2.5 is really solid, I like having my agents coworking in the IDE with me, the plan mode is great, Cloud Agents are great, especially with slack, linear, web, etc integrations. I routinely tag an error report in slack and Cursor fires up a Composer 2.5 cloud agent that has readonly db access, access to error reporting, etc, and it can triage the issue, issue a PR, and tag me in slack.
The only thing I’ve felt like I’m missing out on is the subsidies of the CC/Codex subscriptions, but it seems like that is rapidly eroding anyway.
Without revealing what your product is; how did you come across a good problem statement?
I've started on the bootstrapped train as well, also a senior engg.
I'd launched a pre AI software which grew to 5000 users and more and made me some money.
but post AI, I'm finding it hard to get into a non competitive industry. Like everything seems super captured already.
I think my relationship with cursor was the shortest of all.
Congrats to the Cursor team though... One of the most crazy exit stories ever – 4 years to a $60b buyout. Damn.
Won't be surprised if Elon paid another hefty premium.
I just realized this whole game is just getting rich from other people's money and there might not be people left to buy those people's shares when the music stops.
It's literally a ponzi scheme.
Google paid 2.5B to bring Noam back into the fold in 2024 ¯\_(ツ)_/¯
I’m happy to be old man yelling at clouds here because I can’t for the life of me figure out these valuations and purchases.
An AI editor company might never make 60B itself, but it might help another AI company grow faster (relative to its competitors, who might also want to buy the AI editor company).
What else can an AI giant do with all that money?
Build in-house: they do, and there's only so fast they can hire/build.
Save? Yes, still do, but if they save it all, and let competitors buy Cursor, they lose.
Invest in other fields? Sure, but if they lose the AI race, that's all they'll be left with.
Tesla's IPO is a bet that if Musk has the right opportunity, he will do well. So he's given a big bucket of money, and needs a team that can deliver. So he buys Cursor.
The winners are Cursor. The losers are whoever is funding the AI companies that get outcompeted.
(Full disclosure: I don't know anything about Cursor, nor much about Tesla or its IPO.)
As for coding in the terminal, we have Opencode, Claude Code, and Codex etc. They are all open source but only Opencode can route to open weight models. But non of these are really an IDE like Visual Code or Cursor.
Are we missing a really good open source IDE to use open weight models? It seems like we are.
As for coding in the terminal, we have Opencode, Claude Code, and Codex etc. They are all open source but only Opencode can route to open weight models. But non of these are really an IDE like Visual Code or Cursor.
Are we missing a really good open source IDE to use open weight models? It seems like we are.
Now he's surfing the AI wave. We are no longer technically in ZIRP but the delayed inflationary wave is now traveling through the economy and pumping everything. He knows the best way to soak up cheap money right now is slap AI on it.
I also had the thought the other day that him hitting $1T technical net worth might actually be a harbinger of a lot more future inflation. Inflation of this type hits assets before it hits things like prices and wages, and it hits assets with fast market cycles like stocks before it hits things like Real Estate. The blast wave starts at the top and moves down and out. So maybe Elon hitting $1T really means that in 20 years that'll be more like $100B inflation adjusted. Meanwhile a loaf of bread will be $20 and a starter home $4M.
But the fact that monetary inflation starts top-down is why low interest rates exacerbate inequality. The very richest and most leveraged can use the arbitrage gap to buy everything else before the inflation wave propagates. We've been in a low interest rate environment for about two decades, and you can see during that time how the super-rich with access to cheap money have fully detached from the rest of the economy.
In other words: the reaction to the 2008 financial crisis was to inject huge liquidity at the top, which created the new Gilded Age.
Ultimately it may be somewhat intentional. One way out of a sovereign debt crisis when you also have a sovereign currency is to inflate your way out, which basically is a huge tax on every non-domestic entity that owns your debt.
Over time, though, I think he's drifted away from his original "make real things in the real world" focus and more toward "play money games" and "play political games."
It's sad. One common comic book supervillain arc is to start as a hero and become what you despise.
Next up, Anthropic.
Do you really think so? Like everyone who risks their and their clients' money here is just being irrational? Is this really a coherent view? Could it not be that someone knows something you don't, or does not have the biases you have?
The rational basis is entirely "I can sell the stock to somebody else for more money". Where in normal stock it would be "this company can make a profit that gives a return on this investment." This is a purely speculative play.
SpaceX is worth more than Amazon.
Amazon has $750B of revenue and an enormous unfathomable moat across many fields, across most of the planet. It had a profit of $77B last year. And people consider Amazon overvalued, and a symptom of a serious bubble.
SpaceX has $18B revenue, and a consolidated loss of $4.9B. It has basically zero path to real profit, and it turns out that space launch actually isn't a lucrative industry, so much so that SpaceX had to create its own customer.
I mean, the biggest news about SpaceX has been the utter failure that xAI has been, reducing it to renting out all of the GPUs that Musk forced his other road-to-failure company, Tesla, to hand over to the failure that was xAI, that failed so badly it got hidden inside SpaceX. Good god. Somewhere in there the failure that was SolarCity got packaged in the giant scam.
Like seriously, the biggest win of the company is that it absorbed the husk of xAI that had a massive surplus of GPUs from when Elon tried to buy himself credibility in AI, and the market happened to make them worth more so that's their big win. Their biggest success is basically scalping GPUs.
>even though literally everyone hates him?'
Guy basically runs the US government, which has been reduced to a banana republic plutocracy. People invest in him because they know the system is so catastrophically corrupt that he'll always come up a winner, regardless of how enormous of failures he keeps generating.
I mean, this is such a transparent shell game scam that they're immediately talking about packaging up even more of Elon's scam businesses together. Just amazing stuff.
Don't worry, those super robots are coming any day now!
Yes, the US market is in the end games of a massive spiral -- a circle jerk of trillions of fake dollars moving in a rapidly accelerating circle -- and it will not turn out well. SpaceX is the moment when it is laid bare.
Do you have any evidence of this? As far as I know, he basically never gets what he wants. He was against Trump's Big Beautiful Bill, it passed anyway. He wanted DOGE, it fizzled. He wants more Solar/Electric car related subsidies, Trump does not give a darn. He wants more H1Bs, Trump has been doing everything to frustrate H1Bs.
The one thing which Musk seems to have gotten was Jared Isaacman, but that was really difficult for him to get, and it took way longer than it should have.
Really difficult to see evidence that he runs the US government.
Edit: I see SpaceX did disclose
> 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/1181412/000162828026...
$60B cash? Too much.
$60B SPCX stock? Why so low.
1. It's a bet that OpenAI will "win" AI and have a significant moat; and
2. Future hardware improvements won't massively devalue OpenAI.
I believe open source models will win here, mainly because China won't allow otherwise. I also think that nobody is really talking about the hardware decpreciations coming in the next few years, which is going to be really important from a performance-per-Watt perspective. B100s aren't going to suck. But a theoretical T100 will get 30-80% more performance for the same energy input.
So, SpaceX. I've previously said that SpaceX would've been a significantly better company without xAI. SpaceX was used to rescue Elon and other "investros" from the financially disastrous Twitter purchase. Starlink, Starship (which is a risky program) and the Falcon 9 are a solid business. They're just not a $2 trillion business.
So I believe that the AI bubble contributes at least half of SpaceX's valuation and when and if that bubble bursts, at least half of SpaceX's value is at risk.
Google announced they're throwing billions to rent GPUs from SpaceX. That might sound good. It solves a short-term cash issue. But as another commenter put it, it makes SpaceX seem more like a Commercial REIT. After all, renting out your GPUs is literally the lowest-value thing you can do with them. You're not building a business. You're taking rent so someone else can build a business.
So buying Cursor and I'm sure any number of other AI startups in the coming year or two, seems aimed at kicking that AI can down the street.
So I view the Google-SpaceX as a red flag in the short-to-medium term. SpaceX simply can't seem to do anything valuable with all the compute they have. And I also have way more confidence in Anthropic (in particular), OpenAI and Gemini than I do in Grok.
This is unhinged.
So according to SpaceX, the market for AI is 2.5 larger than all the food sold on this planet.
They're also saying that the AI market is worth roughly 10% of all global real estate.
It’s not a totally unreasonable assertion, it’s the implication of the assertion that we are uncomfortable with. There is no reason for the models to stop their improvements in the near future.
Sure there is.
1. The cost of each new generation of training runs appears to be rapidly rising
2. The Trump admin just told the leading model to stop making it available to non-Americans, which in practice meant stop providing it at all
3. The factories to make the hardware are hitting bottlenecks, and while they've currently been navigated around, there's never a guarantee the next one will be
Currently I'm wondering at what point the direct impact on the US energy supply gives the US a taste of Baumol's cost disease as AI companies continue to outbid everyone else for electricity.
Implausible while Trump remains in office. He hates renewables, shuts them down even when doing so actively costs money.
Between AI hallucinated content and the politicisation of the numbers, I'm not sure how much AI compute capacity is being planned right now; would you accept a claim of 300 GW? It's a number I heard recently.
Given the capacity factor of PV, even China would have to think carefully before supplying that much PV over the next few years (300 GW avg ~= 3TW nameplate).
(Not sure about wind, wind's CF seems to vary between years).
You speak as if "improvements to models" is just function of time, and resources are infinite.
Models keep improving as long as there are resources to allow for larger and larger datacenters, if we hit a scientific breakthrough once LLM technology become the bottleneck, if the economy is infinite to allow infinite growth, and (geo)politics is not a thing to worry about. Or we discover ASI, machine improve themselves and we reach the technological singularity.
I know everybody is drinking the kool aid by the gallon, but can we maintain a little bit of objectivity?
Granted, we don't know when the S-curve will inflect, but predicting too great an outcome is just as silly as discounting it altogether.
How does argrar industry and tech industry compare as share of gdp in the US?
It just shows how much the automation has impacted agriculture and the food industry. Sure, there're rural farms that apply 200 yo technology. But e.g. the grain production and farming are incredibly efficient at scale. So, it's not that costly for as a humanity to feed 8 billion people (at a varying level, of course).
Remove 20% of food supply, and watch prices explode, global unrest, and famine take place.
In the places where famine remains a problem, it's due to political issues, not that we can't grow enough.
And growing all that food requires a tiny workforce compared to 400 years ago before the Agricultural Revolution. AI might extend such a massive reduction in labour requirements to many other industries.
Mmmmmh
> We can grow far more food than we need and we stop doing so simply because the low prices mean it's not economically viable.
So, it's not a solved problem. Last time I checked we have plenty of people in several parts of the world with difficulties to access the required level of food to be healthy.
Half. This depends on there being a reliable source of cheap fertiliser, which would be much more secure if not for the situations regarding Hormuz and Russia.
You need lots of money to be able to buy the tech you need to do so. And you can't exactly earn that from not using the tech, since foreign (or even local) competition will slaughter you on prices. And if you do make it, you're stuck with a low-margin race to the bottom on price.
I spend 0.2% on AI. Exactly one subscription.
It's not unthinkable that trend continues (even if it's rationalizing at the moment), and moves over into other fields as well.
my point is that the amount of calories a person needs is limited, and the efficiency is non-decreasing, so the per capita spending has an upper bound
"ai" does not have such an upper bound
Reasoning and RAG is amazing already and is a productivity gain but I'm yet to be convinced GenAI is anything but a slop machine.
#startflamingmenow
AI is useful as a search & information synthesis tool, and as a dev tool.
The problem is, when has a dev tool ever command such ridiculous valuations and investment in infrastructure?
The market is going to realize that yes, it's useful, but no, it's not over $1T useful.
I think the issue is the reality that most life is worth a lot less (in US Freedom units) than some software running doing absolutely nothing truly valuable for anyone.
This is really starting to feel like the pets.com era again.
There are no growth opportunities in any other industry (except healthcare due to disastrous demographics), where else are people going to invest?
The problem is an absolute lack of vision on the part of those holding the capital.
Meeting the challenges of climate change could hold huge opportunities. Look at China’s massive expansion in renewables, look at the expansion of renewables in the US despite political headwinds.
Have some imagination, break out of your echo chamber. AI ain’t the only game to be played.
Vision is seeing a change that could be made. “I could be richer” is about as banal as a vision could get.
The money chasing investments is orders of magnitude larger than the money people have on their pockets to spend. As a consequence, the only profitable thing to do is sell capital goods to make business and there is no profit on selling actually useful things.
China is in a different reality in large part because of their capital barriers that stop money from flowing in. Countries with bad reputation are also less affected.
What the GP gets wrong is that none of this makes AI a good business. Instead, it makes Nvidia a good business, but that's not news.
- We get an open source Opus 4.8 equivalent and pair it with an open source coding agent
- Running this OS stack becomes cheaper than what frontier model providers charge (see OS model prices on OpenRouter vs. frontier lab prices)
- This happens across verticals (i.e. not just software)
The first “DeepSeek moment” didn’t do much damage back in the days, but I wouldn’t be surprised if a similar moment becomes a lasting, effective, cheaper alternative.
DeepSeek v4 Flash/Pro also exist, they are open weight and on par with Sonnet, just a bit below Opus. Again: practically useful and sufficient for 80% of things most people actually do. And most of the remaining 20% are benchmarks designed to push the limits, not productive work.
Using these already is way cheaper than your typical Claude API prices. What's still missing is a) mindshare - everyone still thinks "claude = coding" and everyone thinks he/she really needs the very best models because he/she is doing such incredibly complex stuff - and b) someone pushing such a stack as a convenient solution for corporations to easily dump their token money into, complete with user management, enrollment, monitoring, all that enterprisey stuff you need if you want to sell to, well, enterprise customers.
That is an interesting point. If there are higher concerns, copyright law is easily ignored, and only one person needs to get access to the data once.
The thing with dotComs is that they didn't have THIS level of unsustainable financing burn, and a tangible issue of token processing cost that has no magic wand coming with the current practical limits of Moore's law.
Look at electricity, the world of 1900 could not create enough electricity or even conceive of how to add enough to meet 1950s needs. But we made it incredibly cheaper to produce, but also created a lot more, and boy do we have so much more use of electricity now. And it's not that expensive for a human to pay for their needs (not free, its not cheap for poor people but it's still gotten cheaper).
Why limit yourself to one planet? Space is infinite ;-)
AI might eventually provide $26T worth of value, but if it captures anywhere close to that amount of revenue that'll indicate a failure of the free market economy. Competition and open source will have failed and the oligarchy has won.
(Either that, or inflation will have made $26T a relatively smaller number).
> This is unhinged.
The only way for Musk to become a quadrillionaire is hyperinflation. And a week later, we'll be quadrillionaires too!
The math don’t math here, there literally aren’t enough people to afford this and businesses will go under the more people are displaced for gainful employment.
By 2030? No way
By 2050? Maybe?
Obviously during an IPO you’re trying to make the bull case (unhinged or not). What does it look like in the best case scenario.
So this is saying AI products will increase global GDP by about 20%.
The Federal Reserve says AI is contributing about 1% GDP growth per year to the US [0].
So maybe you can get to $13 trillion over a decade just from that. If you assume some acceleration, 20% isn't out of the question.
It is an extremely rosy projection, but if AI can replicate large fractions of the workforce, leaving those humans with the ability to work on other things, it doesn't seem unhinged when you think of it through this lens, just very optimistic - not Elon Musk level optimistic, just "everything goes according to plan and a bunch of things in the causal chain are all slightly on the higher end."
[0] https://www.stlouisfed.org/on-the-economy/2026/jan/tracking-...
No business gets to capture 100% of the value it produces without physical coercion.
For infrastructure that requires high investment, it usually captures something around 5% of it. People tend to work really hard to replace or reduce any kind of infrastructure that gets near 10%. So we are talking about AIs increasing the global GDP by 200% at minimum, 400% more realistically.
Or in other words, bullshit number is bullshit.
clearly it's more like $540.2 quintillion at this point
I can’t see it in the article when reading on my phone?
Well if you start adding AI powered to "everything" then it is possible.
Soon you'll have AI face cream and AI donuts.
That said, I think we're in a narrow window of time right now where any of this matters. Prompt "engineering" and working around your tools will be over in a year or so.
Fwiw I am a c/c++ systems engineer. I think anyone mentioning anecdotal experience like this should clarify. Maybe frontend JavaScript folks have a totally different take and that's expected.
I started with Cursor back in the day, but switched to Claude Code and then Codex when Cursor got too expensive.
If price wasn't an issue, maybe I'd prefer Cursor only because I can easily switch between models. But that's it. I always disliked the "accept/reject" workflow in cursor, but that's probably optional nowadays I guess?
When I first used Cursor, I hadn't used any of the "Vibe Code" tools out there, so it was pretty neat to have an assistant directly tied to the editor.
Once I learned how to use Codex, I just used a tmux split with NeoVim and have the effect I wanted. I haven't felt compelled to use Cursor at work since.
claude code was seriously annoying with the flickering, maybe it's fixed now, I don't know.
cursor also has a (bad) cli if you need it, it seems it's mostly used to setup remote agents, but it does the job in a pinch.
And I don't know what it is but it feels the less familiar you are with a terminal, the less skilled you tend to be.
Definitely not a 100% case. But has been common in my experience
Why on earth would you want to look at a code diff in a terminal? Why on earth would you want to use weird bespoke keyboard shortcuts to navigate sub-agents in a TUI session. Why on earth would i not want the ability to open/edit a file manually in the tool im using to write code.
can someone please explain this to me?
Why on earth would you want to look at a code diff in a terminal? Why on earth would you want to use weird bespoke keyboard shortcuts to navigate sub-agents in a TUI session.
can someone please explain this to me?
(FWIW Im mostly using python for OCR, LLM calls, data analysis..)
Or it could be just Claude CLI doing something very well.
Similar experience, having transitioned from full-stack to a dedicated C/C++ stack, learned/experienced firsthand that there is no one-size-fits-all tool.
I don't think that will make much difference in a year.
With deterministic workflows, type-safe languages and test suites, agentic loops pretty much “can’t fail”. They will continue until the types resolve, the tests pass, and the project requirements are deterministically met.
By that point it’s literally just a case of typing a prompt in to a text field, and waiting.
My one question is what popups exist in cursor? It is my daily driver and I cannot recall any popups.
If you do any kind of on-device work, it will spin up a local HTTP log server, and pipe logs from your real device (phone, hardware, etc.) to the server and do realtime debugging.
Claude will mostly guess, have you copy + paste logs, etc.
I’ve never used cursor and have only seen it in a couple work lunch and learn demos. I’ve never seen that feature. I have a lot of use cases where I’m asking cc to move a widget down a little bit or make a data table full width etc. Being able to reference the actual UI would be useful.