[argsnd]

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

[girvo]

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

[riffraff]

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

[lossolo]

1. Pay them with shares of SpaceX

2. Make SpaceX valuation even higher before IPO

3. Boost XAI/usage of Grok.

[timmg]

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

[edaemon]

Their Composer 2 model is Kimi (an open model) with additional RL fine-tuning, for whatever that information is worth to you: https://techcrunch.com/2026/03/22/cursor-admits-its-new-codi...

[timmg]

Oh, I see.

Though, in fairness, that's probably the important part. Like a base model plus "coding smarts" is probably perfect for the situation.

But maybe not as much value as I was thinking.

[_--__--__]

They have a 'proprietary' model which is just an open source (kimi?) fine tune

[kube-system]

Cursor has a significant enterprise userbase, that has to be worth something

[gip]

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

[xqcgrek2]

money laundering and tax avoidance

[xnx]

How would this be money laundering?

[dogscatstrees]

Value shifting. Search for SolarCity and cousin Lyndon Rive.

[inemesitaffia]

That isn't laundering

[bmitc]

Musk passing around his debt from purchasing Twitter.