SpaceX/Cursor Deal, Images 2.0 Reactions, Fake Bear Attack | Anil Chakravarthy, Naveen Gavini, Avlok Kohli & Ankur Nagpal, Joel Edwards, Renen Hallak, Darian Shirazi

A man in a bear suit clawed the interior of a Rolls-Royce Ghost, his accomplices filed an insurance claim, and the California Department of Insurance launched "Operation Bear Claw." The three Los Angeles residents were sentenced to jail after collecting more than $141,000 from three different insurers. It was one of several bizarre stories in a packed episode that also covered SpaceX's option to buy Cursor for $60 billion, the launch of AngelList's public venture fund USVC, and a wave of reactions to OpenAI's Images 2.0.

SpaceX and Cursor: A $60 Billion Option

SpaceX partnered with Cursor to "create the world's best coding and knowledge work AI." The deal gives Cursor access to compute from SpaceX's Colossus supercomputer (a million H100-equivalent cluster). The structure is unusual: SpaceX gets an option to buy Cursor. If the option is exercised, the deal is valued at roughly $60 billion. If SpaceX walks away, Cursor receives a $10 billion breakup fee—essentially non-dilutive capital to fund its training runs. The hosts noted the deal is "a win-win" because Cursor needs massive compute to compete with Codex and Claude, while SpaceX/XAI gets a strong coding brand and product. Cursor is already on a $10 billion run rate, making the math work even at a 30x revenue multiple if SpaceX goes public at a higher multiple.