SpaceX is buying AI coding startup Cursor for $60 billion
www.businessinsider.com
Elon Musk's rocket company announced on Tuesday that it had exercised its option to buy AI coding startup Cursor for $60 billion.
  • sunbeam60@feddit.ukEnglish
    9 days

    This is just hog wash.

    They are buying it for 60bn worth of SPCX Class A stock. This is Cursor’s board taking anything they can get for a company that has no future. Not a criticism against Cursor, but their market is standardising on Claude Code, and their value would rapidly head towards zero.

    Class A stock has no voting rights. This is the investors of Cursor literally saying “being on Musk’s train to the moon is literally better than whatever future we have right now”.

      • sanitation@lemmy.todayEnglish
        9 days

        We are looking into open router and kimi 2.7, mimo, glm 5.2 models.
        You can still use opus/sonnet models all the same, they are just wicked expensive.

        There are tools like opencode and kilocode for coding.

        • SleeplessCityLights@programming.devEnglish
          9 days

          I had to move to Kimi K2.6 because Claude models are too expensive to use. BYK from OpenRouter. I have not tested GLM models.

          As they stop subsidizing, everything is going to get more and more expensive until they price everyone out. If they are actually “selling shovels for a gold rush,” they are cooked. A lot of companies can’t afford to use Ai heavily anymore. Customers are going to dry up.

          • sanitation@lemmy.todayEnglish
            9 days

            Exactly. It’s hilarious just couple days back our ceo pulled 4 devs out and congratulated us on spending 2k a month each and apparently blowing company limit, I’m now tasked with finding alternatives hahaha. Definitely openrouter and kimi 2.7 and glm 5.2 are on my roadmap. I will need to do a presentation for ceo

            • SleeplessCityLights@programming.devEnglish
              9 days

              I am surprised that anyone who can make decisions realized the June Ai bill was going to be crazy. I was betting it would take until July, when the crazy June bill is charged, for companies to realize they can’t afford frontier models.

  • StitchInTime@piefed.socialEnglish
    9 days

    Perhaps I’m missing something, but isn’t Cursor simply a VSCode fork with some AI extensions integrated into it? Hate aside, what is the actual technical value of the product?

    • Wispy2891@lemmy.worldEnglish
      9 days

      They don’t care at all about the vs code fork (probably his colossus data center with 89% vacancy can vibe code a clone in a few hours)

      They care about the subscribed users and how they can enshittify their experience by removing access to Claude opus and introducing grok the Nazi vibe coder

      • Prior_Industry@lemmy.worldEnglish
        8 days

        Makes you wonder how sticky their product is though. I would just move to another product that has Claude if I suddenly had to use Grok.

        • Wispy2891@lemmy.worldEnglish
          8 days

          imo not at all, like for the recent github copilot enshittification

          users will groan and complain for a month then move to a different VS code fork, one year later nobody would even be able to remember the shape of the icon

  • fubarx@lemmy.worldEnglish
    10 days

    Local coding LLMs are going to be the hot new commodity this year.

    • VonReposti@feddit.dkEnglish
      10 days

      Already is, take a look at devstral, qwen3.6, deepseek coder. All can be run on a hugh end GPU and if you’re a developer you likely have one.

      • makeshift0546@lemmy.todayEnglish
        10 days

        The vast majority of users ain’t running anything but 27b max, more likely 14b, and that shit just ain’t nearly as good as older saas models much less dominant like opus. Maybe for small shit but complex talks just ain’t fitting on home hardware.