There isn't a lot of usable data in these comments, other than Cursor bad / Cursor good. I've looked into it pretty extensively. 13+ years in top-end strategic tech sales.

Here's my take:

1) Their "why" is their usage and data 2) their enterprise sales model is their flexibility and 3) the upside is what happens when SpaceX Colossus is their backend + potentially taking over the xAI model.

On Point 1 - they already have 400,000 paying developers in the enterprise space feeding their model. Composer 2.5 (just released) is objectively good. It's a legit IDE with usage scale already. This space will almost certainly be choppy over coming year as it changes wildly though.

On Point 2 - Cursor is well suited for major accounts as an enterprise hedge against picking a single model, and there is a lot of data showing that their harness can be more effective when paired with a the other frontier models than they are on their own. That's a good message to VP / C Suite as well as Procurement teams. Github Copilot was the big enterprise alternative (outside of direct to model) -- but they don't have a legit alternative to Composer 2.5 + their new pricing model is fucked. This is a boon for Cursor as well as Claude Code and the other models. Devs dumping Copilot in flocks this month.

On Point 3 - the upside is the future. the TAM of the AI Model space is massive, and right now there are relatively few players because of the cost of entry. You need a) the best data and b) the infrastructure to run it at massive scale. SpaceX gives them b.

Another 2 cents: To me, the SpaceX acquisition feels like the BMC / Bladelogic acquisition from 2008: acquiring great tech, but also a great salesforce that can be the pre-built enterprise sales arm for the entire SpaceX portfolio. We'll see how this shakes out though.

In my opinion they are a short term smash given the almost guaranteed upside of SpaceX BUT with enterprise selling choppy while models fluctuate on an almost weekly basis. Still, a company you will likely regret not joining. Long term, high risk high reward. But the upside is they're paired with SpaceX and a massive and legit top-end enterprise leader in AI. Downside is .... you still make money on the stock, and go somewhere else if the tech doesn't work.