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SpaceX is buying Cursor for $60 billion (www.businessinsider.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 166 points 2 months ago (2 children)

Because all space companies need a social network and an ai coding company. It just makes sense. And your pension needs to buy this very logical company because it's large enough to be in the index.

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  • [–] 59 points 2 months ago (6 children)

    SpaceX is 80% an AI company. More now, after acquiring Cursor. The space stuff is only the reception desk.

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  • [–] 64 points 2 months ago* (1 child)

    SpaceX is 100% a bullshit company. FTFY

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  • [+] -19 points 2 months ago* (last edited 2 months ago) (2 children)

    This is the sort of comment where I wish Lemmy had the option to block everyone who upvoted it.

    edit and I wish the ones who downvote this also blocked me

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  • [–] 14 points 2 months ago (1 child)

    "We do social media, rockets, and AI" Yes this company is a very logical well thought out entity who's losing $3 for every $1 we make. We are growing only at 33% a year, yet are valued at 25x other companies with better growth and actual strategies . If you believe this shit I've got a bridge to sell you.

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  • [–] 10 points 2 months ago (1 child)

    The original Founders had a lot of good ideas and did a lot of hard work. Unfortunately they let a clown come in and take them over and turn everything into a circus. Where people can say that sort of thing 100% accurately now. Tesla and SpaceX are both punch lines realistically anymore as is Twitter.

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  • [–] 6 points 2 months ago* (1 child)

    You realize Elon is the founder of SpaceX.

    The lead who designed the merlin engine turned down being a founder as he wanted a stable income vs the low pay and risk of working for equity/founder status, so he was an employee. (Edit and I don't blame the guy for that choice either, odds of a private rocket company succeeding was incredibly low)

    SpaceX is not a punchline.

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  • [–] 19 points 2 months ago (1 child)

    SpaceX is an infrastructure company. Deeply dependent on government good will and contracts. It leases it's data center compute to actual AI companies.

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  • [–] 1 point 2 months ago* (1 child)

    They aren't deeply dependent on government contracts anymore. Starlink will be able to support them. Government good will, id say yes.

    Starship is currently a money pit on the launch side, and will make or break that the company depending on if it works.

    Its leasing excess capacity, but that might not always be the case, but IMO that business model is probably better than the selling an LLM model one, but if you run out of people willing to lease it, youre still left with a pile of hardware you gotta do something with.

    If they stop leasing, xAI becomes a money pit too.

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  • [–] 4 points 2 months ago (1 child)

    I agree. But suffice to say if NASA walks away from SpaceX because they fail to deliver, it'll make an outsized dent to their perceived value.

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  • [–] 8 points 2 months ago (1 child)

    This truly is the weirdest timeline. The only division of this shit company that brings in any money is the space and rockets division. However, the technology divisions are a money pit.

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