sanitation@lemmy.today to Technology@lemmy.worldEnglish · 13 hours agoSpaceX is buying Cursor for $60 billionwww.businessinsider.comexternal-linkmessage-square56fedilinkarrow-up1167arrow-down14
arrow-up1163arrow-down1external-linkSpaceX is buying Cursor for $60 billionwww.businessinsider.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 13 hours agomessage-square56fedilink
minus-square🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.workslinkfedilinkEnglisharrow-up30·13 hours agoThere goes all the money raised in the IPO.
minus-squaretekato@lemmy.worldlinkfedilinkEnglisharrow-up1·2 hours agoIt’s a stock deal. At $2.5 Trillion valuation I’d say this is chump change.
minus-squareXLE@piefed.sociallinkfedilinkEnglisharrow-up4·6 hours agoDon’t worry, the losses will go straight to the retirement funds.
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-22 hours agoIt was all stock. I dont know if it was at a pre determined price, or if they closed it at the intraday price on the day of though. That’s also more shares that will be offloaded when insider blackout periods end
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up2·edit-245 minutes agoIt “was” not anything, as it is still upcoming. They will take a volume weighted average closing price of the seven previous days: At the effective time (the “Effective Time”) of the Merger, each share of Cursor’s common stock and each share of Cursor’s preferred stock outstanding immediately prior to the Effective Time of the Merger will be automatically converted into the right to receive shares of the Company’s Class A common stock based on an implied equity value of Cursor of $60.0 billion and the price of the Company’s Class A common stock equal to the volume-weighted average closing price thereof over the seven consecutive trading days immediately preceding the closing of the Merger (the “Merger Consideration”).
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-213 minutes agoInteresting, so they’ve agreed to do it, but at the very least 7 trading days will need to pass to satisfy that, assuming the execution of the option is immediate.
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·9 hours agoAFAIK it’s less than 10%. But it’s a start. 🤣🤣🤣
minus-squareAirBreather@lemmy.worldlinkfedilinkEnglisharrow-up7·9 hours agoThe IPO reportedly raised $85 billion Valuation (which is where that “over $1 trillion” comes from) is a different thing entirely
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·edit-29 hours agoYes of course you are right, my bad. The 1 trillion is an extrapolation.
There goes all the money raised in the IPO.
It’s a stock deal. At $2.5 Trillion valuation I’d say this is chump change.
Don’t worry, the losses will go straight to the retirement funds.
I bet it will be a stock deal.
It was all stock. I dont know if it was at a pre determined price, or if they closed it at the intraday price on the day of though.
That’s also more shares that will be offloaded when insider blackout periods end
It “was” not anything, as it is still upcoming.
They will take a volume weighted average closing price of the seven previous days:
Interesting, so they’ve agreed to do it, but at the very least 7 trading days will need to pass to satisfy that, assuming the execution of the option is immediate.
AFAIK it’s less than 10%. But it’s a start. 🤣🤣🤣
The IPO reportedly raised $85 billion
Valuation (which is where that “over $1 trillion” comes from) is a different thing entirely
Yes of course you are right, my bad.
The 1 trillion is an extrapolation.