20VC: SpaceX buys Cursor for $60BN; Anthropic's first profit on $11.5BN quarterly revenue

20VC · rss · 2026-08-20

This 20VC episode covers the week's mega deals: SpaceX buying Cursor for $60BN (and why that was surprisingly cheap); Stripe's $7–8BN OpenRouter bet and its fatal risk (enterprises don't want 10 models); Anthropic turning its first profit on $11.5BN quarterly revenue, plus the math behind a possible $600BN revenue target.

Also discussed: whether Microsoft or Amazon will race to buy Cognition; Lovable vs Higgsfield's similar revenue but radically different valuations (is Lovable's $13.3BN price actually cheap?); Silver Lake's $43BN Workday bet and mature SaaS thesis; and why the DOJ is coming after a16z, which claims 50 legal battles at once.

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