They should definitely do that, it would be an even better purchase than Twitter was.
Seriously though, Musk is on track to be the first person in history to go from world’s richest man to bankrupt.
Notice it’s SpaceX, not Musk.
Sure, he might tank some extremely valuable assets, but he’s not spending HIS money directly here.
While Musk is currently the owner of SpaceX, there’s currently an IPO on the books.
I’m really curious to see how much control he’s willing to give up on SpaceX. He owns majority of the voting rights right now, and they are using dual class shares. Will he still retain >50% voting rights after IPO or is he going to give that up?
Genius at work
$60 billion to acquire a vs code fork (free, open source) and all of their subscribers, which most of them are using more tokens than what they actually pay monthly
The business models of all this vscode forks (cursor, windsurf) is the exit strategy (operate at a heavy loss hoping for an idiot CEO acquiring them)
A company with lots of talented engineers like SpaceX and unlimited money could build an identical product in weeks at a fraction of the cost, without the heavy burden of users using opus for “free” in the subscription
They’ll wire it to Grok and cut out Claude and it’ll be another also-ran piece of shit
Makes perfect sense for a space rocket company.
Also, there’s no way I’m letting Mecha Hitler write my code.
How did they value that at 60 billion? They will lose all users after the takeover and be worth less than 100 million.
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