Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

xAI has acquired X, xAI now valued at $80B

twitter.com

Post reply on HN
Print view View original

361–370 of 1001 posts

Re: xAI has acquired X, xAI now valued at $80B

#361

Post by rl3 »

fallingknife wrote: post #255
sorcerer-mar wrote: post #211

Earlier quoted context omitted.

At the rate he's going, SpaceX is probably on its way to being nationalized within the next few elections. And that would make sense totally aside from punitive response: it is pretty dangerous to have such vital defense infrastructure controlled by such a mercurial personality.

Yes let's just have a fascist government that can seize private property because they declare it "dangerous." I see no way that could go bad.

Massive conflicts of interest exist between him and foreign adversaries of the US:

https://www.wsj.com/world/russia/musk-putin-secret-conversat...

https://www.reuters.com/world/europe/putin-envoy-says-russia...

If this were the Cold War, we'd have already seen USG freak out and move to nationalize.

Re: xAI has acquired X, xAI now valued at $80B

#362

Post by timewizard »

rozap wrote: post #344
bhouston wrote: post #29

He has done this move before with Tesla buying Solar City. When you do a deal with yourself you can assign any value you want to assets, it isn’t a competitive process. In the previous case Solar City was dying but its acquisition by Tesla was pitched as a great synergy. https://www.businessinsider.com/solarcity-tesla-energy-belea... There were a few lawsuits from Tesla shareholders about the acquisition regarding se…

My guess is that there's an added grift, er...benefit here; since the federal government is now (apparently) in the business of subsidizing AI companies, we'll effectively see the failing social media platform get subsidized by the federal government. I'm certain we'll see a pile of public funds handed over the xAI in the future.

DOGE for thee but not for me!

Re: xAI has acquired X, xAI now valued at $80B

#363

Post by imgabe »

Alive-in-2025 wrote: post #339
imgabe wrote: post #329

Earlier quoted context omitted.

But all the armchair business experts assured me that the value of Twitter had completely tanked since Elon bought it because he’s such a stupid fool who ruins everything, so shouldn’t it be worth less? Just a few months ago everyone was confident it was only worth $8 billion. He valued it at the same price minus debt.

He bought it with stock from another company that has no clear value and is a meaningless hype monster. What is xai going to do that 10 other AI companies aren't going to build, anthropic, openai, etc.

What are OpenAI, anthropic, going to do that xAI isn’t? By that logic if there is more than one company in any field they’re all worthless.

Re: xAI has acquired X, xAI now valued at $80B

#366

Post by rqtwteye »

ergocoder wrote: post #230
nerdix wrote: post #135

Earlier quoted context omitted.

Canada and Greenland

Then, they would vote democrats. This might actually help democrats win presidency.

Once they get to experience the freedom of the US health system they will vote republican.

Re: xAI has acquired X, xAI now valued at $80B

#367

Post by brickfaced »

arghandugh wrote: post #303

A story about the most destructive man in the history of high technology (who is currently demolishing the future for most everyone on here) bilking his co-investors out of billions of dollars was allowed to stay up on Hacker News for two hours? Huh!

>A story about the most destructive man in the history of high technology

This seems a bit, uh, hyperbolic

Re: xAI has acquired X, xAI now valued at $80B

#368

Post by stefan_ »

bboygravity wrote: post #142
mdorazio wrote: post #110

Earlier quoted context omitted.

And how much of that is solar instead of Powerwall and Megapack? They don’t break it out in filings unless I missed it.

Exactly. So then why draw conclusions about how SolarCity was a bad deal for shareholders (see parent comments)? There's no substantiation of that either way.

Because Tesla abandoned the SolarCity model? Like, SolarCity was a bunch of sales people going door-to-door to sell questionable leases on solar systems and hawking off the junk bonds resulting.

Re: xAI has acquired X, xAI now valued at $80B

#369

Post by IAmGraydon »

dustingetz wrote: post #13

if this didn’t happen, how much more would TSLA have to drop for the $12B debt to get margin called given it is collateralized by TSLA? IIUC what has happened here is the debt has been repaid by selling xAI equity? Wasn’t xAI constructed in the first place to poof some magic money from thin air to give to unhappy Twitter investors and keep them happy?

The loan is not collateralized with TSLA stock. He used Twitter’s assets to collateralize it.
Post reply on HN