> If you show revenue, people will ask 'HOW MUCH?' and it will never be enough. The company that was the 100xer, the 1000xer is suddenly the 2x dog. But if you have NO revenue, you can say you're pre-revenue! You're a potential pure play... It's not about how much you earn, it's about how much you're worth. And who is worth the most? Companies that lose money!
Being less cynical, I do think it’s fair to say that they just didn’t quite find PMF; they aren’t good enough for factory work, Spot is niche, and Atlas is too scary for in-home.
The robot butler business model just hasn’t been tested in the same way AFAIK.
$325M for 9.65% implies a valuation of around $3.4 billion, so it's more like 18x.
Regardless, Boston Dynamics has been burning cash for 35 years and all they have to show for it are some fancy demos and trial deployments. Eventually you have to wonder what their future prospects are.
I was trying to think about the why with Cursor, and the only thing that makes sense to me is they wanted experts in making harnesses so that they can pivot that expertise towards building harnesses intended for autonomous agents to use instead of humans. There's no world where a 60 billion IDE makes sense.
I think it's more that Space X's valuation is ridiculous, and they need acquisitions that are ridiculous to pretend that the emperor is still wearing clothes.
When cursor is selling for $60B, then grok has to really be worth several times that, right?
> This was just ~10% of boston dynamics at that price. HN pro-tip: before commenting, read the articles not just the headlines.
I'm not sure if you're following your own advice...?
The ~10% just sold was bought for $325 million.
The total price they paid was $1.205 billion ($880 million in 2021, $325 million now).
The $1.1 billion figure in the HN headline is kind of just wrong and presumably based on what they considered to be Boston Dynamics' total valuation in 2021, but represents neither what they paid for the ~10% nor the actual total they paid over both transactions.