alt Hacker NewsWill the $60B be newly minted SPCX shares? Does this effectively dilute investors by about 2-3% (minus some fraction representing the fair value of Cursor)?
Will the $60B be newly minted SPCX shares? Does this effectively dilute investors by about 2-3% (minus some fraction representing the fair value of Cursor)?
Spcx is so overvalued that its value for the investors is whatever they wish it to be. If they wish it causes no dilution their wish becomes true. They already wished about 90% of the whole share price into existence.