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A comment on SpaceX to buy Cursor AI coding agent operator Anysphere for $60B. Parent comment

Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by lesuorac on Tuesday June 16, 2026 @01:53PM (#48559176)
> Does the combined market cap count? That would be wrong.

It counts and it's not wrong.

Sure, the Tesla award takes into account any M&A but growing a 2T company to 3T is a 50% increase. While growing a 1T company to 2T is a 100% increase so it's expected to be easier for him to hit his award targets with the companies merged as opposed to not merged.

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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by xmprt on Tuesday June 16, 2026 @02:29PM (#48559815)
If we combine the market cap of the entire S&P500 we get close to 70T. That doesn't mean any of those individual companies are any more valuable or any of the investors are any richer. It makes no sense that Tesla shareholders would be ok with paying out a performance bonus just for M&A that doesn't grow the value of Tesla and would just dilute their shares.
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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by s1artibartfast on Tuesday June 16, 2026 @03:46PM (#48560908)
Most are tied to operational milestones as well if I understand correctly
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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by lesuorac on Tuesday June 16, 2026 @09:23PM (#48564598)
As pointed out by somebody else [1]; Operational Milestones are waived if SpaceX buys Telsa.

[1]: https://news.ycombinator.com/user?id=antasvara

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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by s1artibartfast on Wednesday June 17, 2026 @11:27AM (#48571831)
Thats not what it says. My understanding is SpaceX milestones stay intact.

For Tesla ops milestones they would be waived, this is fine because accusition is a chance for Tesla shareholders to cash out at that price.

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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by lesuorac on Wednesday June 17, 2026 @10:19PM (#48579791)
We're talking about his Tesla grant so SpaceX's grant is irrelevant.

The text written in the link you did not read, states "Notwithstanding Sections I, II and III above, in the event of a Change in Control, the Operational Milestones shall be disregarded".

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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by s1artibartfast on Thursday June 18, 2026 @01:36PM (#48588753)
The link supports wxactly what I wrote. Not sure where your confusion is.
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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by appplication on Tuesday June 16, 2026 @07:50PM (#48563918)
Well yeah it doesn’t make a ton of sense but the shareholders already cast their vote on this. I’m not sure what they expect would happen but I also don’t think they care. Elons shareholders are a special kind of financial sycophant.
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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by paulddraper on Tuesday June 16, 2026 @03:50PM (#48560964)
It the shareholders' value that counts.

And that doesn't get any more by 50% increase with the same dilution.

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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by adgjlsfhk1 on Tuesday June 16, 2026 @04:08PM (#48561267)
the problem is Tesla's board is controlled by musk
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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by andruby on Tuesday June 16, 2026 @02:27PM (#48559789)
I understand Tesla acquiring other companies counting to the cap, but Tesla _being acquired_ by another company, why would that count?
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Re:SpaceX to buy Cursor AI coding agent operator Anysphere f... by lesuorac on Tuesday June 16, 2026 @09:19PM (#48564570)
Because that's the grand plan from the start. You don't put a sentence like "In other words, upon a change in control where Tesla is acquired, vesting of milestones under the CEO Performance Award does not require the achievement of a matching Operational Milestone." if you didn't think Tesla could be acquired.

The goal is to give Elon his 2012 award package but making it his 2018 one.

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