SpaceX is paying $60B for a VS Code fork that wraps rivals' models (reuters.com)
Cursor's founders went from zero to multigenerational wealth in four years, on a product the thread keeps calling a wrapper: an editor fork, a harness, and prompts. Its in-house model, Composer 2.5, is built on Kimi K2.5.
The structure is the catch: this is not a cash deal. SpaceX pays in its own stock, diluting shareholders, while telling IPO investors it sees a $26T addressable market.
And the loudest skeptics can't explain why investors keep funding it anyway.
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