This valuation for a forked product with no moat and every LLM provider wanting to take this business.

This valuation for a forked product with no moat and every LLM provider wanting to take this business. 

https://techcrunch.com/2025/05/04/cursor-is-reportedly-raising-funds-at-9-billion-valuation-from-thrive-a16z-and-accel/

Co-founder, Scout Game. 
https://scoutgame.xyz

it is pretty great though and as much as I want to use Zed, I just have a better groove with Cursor.

There’s more than just forking & wrapping for these products  - Windsurf for example works differently and in a way I like more

If devs spend their days getting used to and learning their tools they probably have a moat. Maybe not as strong as a social network but it is probably something.

The moat is the UX, and Cursor has good UX