Keep pulling the thread on David Sacks.
SpaceX has entered a deal with AI coding startup Cursor where it will either acquire the company for $60 billion by the end of 2026 or pay a $10 billion collaboration fee.
AI coding startup Cursor had a $2 billion revenue run rate at the end of February and is projected to reach a $6 billion run rate by the end of 2026.
SpaceX is projected to have revenue between $22 billion and $24 billion in 2026 and is targeting an IPO valuation of $2 trillion.
Elon Musk's xAI currently has 550,000 GPUs in its Colossus cluster and is scaling up to 1 million GPUs.
Jason Calacanis predicts that the collaboration between SpaceX, xAI, and Cursor will make them the leader in the AI coding market within 12 months.
David Sacks believes that Anthropic's cybersecurity model, Mythos, is a 10 trillion parameter model that the company lacks sufficient compute to serve commercially.
Elon Musk stated in a tweet that xAI was not built correctly initially and is being rebuilt from its foundations.
Private equity firm Thoma Bravo is nearing a deal to hand its portfolio company Medallia over to creditors after acquiring it for $6.4 billion in 2021.
Medallia's debt servicing costs were projected to triple from $100 million to $300 million per year.
David Friedberg asserts that the rise of AI agents, which can build custom internal tools cheaply, is a primary reason for the decline of vertical SaaS companies like Medallia.
In the past six months, major SaaS stocks have declined significantly, with Salesforce down 32%, ServiceNow down 54%, Snowflake down 43%, Adobe down 33%, and Figma down 67%.
David Friedberg predicts that government pension plans will eventually bankrupt all governments in the United States.