the market for their valuation is just not there imo. they need to significantly expand into non-coding products and outshine their coding offerings to make it work.
as in, if they capture every single professional software dev and extract $1000 from them every month, their yearly revenue will be like $500B. do your own back of the envelope on that with ongoing costs and consider how unrealistic a goal this actually is.
even worse, the very product they offer is self limiting. if it becomes so good as to actually replace software devs, they will have less customers to extract money from.
their valuation essentially relies on a small percentage of mega users having unheard of levels of spending.
the part about a small percentage giving them most of their money is already true (their rumored $100+ bil revenue as of mid 2026 already outshines all software devs having a $100 max subscription), but they are two orders of magnitude or so away in terms of the actual amounts to make it work.
as in, if they capture every single professional software dev and extract $1000 from them every month, their yearly revenue will be like $500B. do your own back of the envelope on that with ongoing costs and consider how unrealistic a goal this actually is.
even worse, the very product they offer is self limiting. if it becomes so good as to actually replace software devs, they will have less customers to extract money from.
their valuation essentially relies on a small percentage of mega users having unheard of levels of spending.
the part about a small percentage giving them most of their money is already true (their rumored $100+ bil revenue as of mid 2026 already outshines all software devs having a $100 max subscription), but they are two orders of magnitude or so away in terms of the actual amounts to make it work.