this post was submitted on 19 Jun 2026
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SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors (www.forbes.com)
submitted 3 days ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] WhyJiffie@sh.itjust.works 7 points 1 day ago (1 children)

The technology exists, the business model is successful at a small scale, so they just need to scale

could you provide details on that?

[–] AA5B@lemmy.world 1 points 1 day ago

You could probably research the company but from my direct experience

  • Cursor is one of the stronger contenders for coding - bringing a variety of models to tools where coders are.
  • Cursor switched to pay per use, significantly increasing costs and didn’t lose customers
  • cursor charged more for higher end models and didn’t lose customers
  • grok is not currently there, or at least not what I can see, so is a huge gap from an xAI perspective
  • it seems good enough business model to business people to be worth a huge purchase

Once grok is added to Cursor, I will just have it, along with a variety of other models, and can simply choose it based on cost and effectiveness. It may even be chosen for me since I usually leave it in automatic, and my company is a paying customer where each engineer spends a budget

Also it’s more like a subscription. Software companies love a subscription model with regular income, rather than selling something you pay for once