Cursor is massively overvalued. But so is SpaceX so it all evens out in the end.

> 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

Current market cap is 2.66T which is pretty bonkers. Thats about intel, amd, and micron put together.