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

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

#371

Post by wavefunction »

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.

Musk can be fairly compensated and US national security preserved via nationalization.

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

#373

Post by telotortium »

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.

That's why Canada would be the 51st state. Only 2 senators for all of Canada, so not much increase in Democratic representation. Representatives would of course lean Democratic, but if Trump engineers a collapse in Canada's economy, some voters may be willing to vote Republican if they're promised a bailout, given the fait accompli of annexation. Plus, if the NDP sticks around, that's fewer Democratic representatives. Sure NDP would probably vote with Democrats in most situations, but it might be easier to peel their representatives away for crucial votes.

Greenland could probably be induced to vote Republican fairly easily, and so send 2 Republican senators to Congress.

I've just spitballing, of course - in the current situation the GOP is not in the position to throw away any advantage in the House.

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

#374

Post by TheAlchemist »

whats_a_quasar wrote: post #338
TheAlchemist wrote: post #89

Earlier quoted context omitted.

Interestingly enough, I see a headline, pretty much in the same minute Musk tweeted about the deal: U.S. JUDGE REJECTS ELON MUSK'S BID TO DISMISS LAWSUIT ALLEGING HE DEFRAUDED TWITTER SHAREHOLDERS BY WAITING TOO LONG TO REVEAL STAKE What's going on ?? Because he very obviously is guilty of this. Here is the article - I get a feeling that this is very much related: https://www.reuters.com/legal/elon-musk-must-face-fra…

What do you mean, what's going on? The judge rejected Musk's motion to dismiss the lawsuit. Meaning that the suit against him is going forward. Which is the correct outcome, because yeah he's obviously guilty.

Yes, but what's the link between those 2 news ?

They are most probably related, but I don't see how.

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

#375

Post by rvba »

_ea1k wrote: post #337
whats_a_quasar wrote: post #258

Earlier quoted context omitted.

The negativity is because he's using investor money in xAI in a related party transaction. He's negotiating both sides of the sale and it's not at all obvious the transaction price is a good or real price for Twitter. It may make sense to merge the two, but this is an unethical way to make a deal and I think it is likely the xAI investors are getting screwed.

I can understand that angle, but TBH, I have a hard time caring. They aren't a public company, and their private shareholders aren't lacking for resources to fight if they disagreed with this choice.

Who are the silent investors anyway? VP and Saudis?

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

#376

Post by stefan_ »

TheAlchemist wrote: post #70

This is Solar City all over again, but at least this time it's not with public investors money. He can now use the money raised by xAI, to pay off the debt of X, which was bleeding money. So today in corporate America we have: - Trump pardoning one of the most obvious scammer of the past 10 years - Trevor Milton - Trump pardoning some obvious crypto scammers - Musk using investors money from one of his companies, to…

You forgot he commuted the sentence for the scammers impersonating that YouTube exec:

https://archive.is/ODjP0

White collar crime is legal, folks. (Donation required)

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

#378

Post by caseyy »

stingrae wrote: post #228
justin66 wrote: post #113

When all is said and done, did the banks that helped finance Musk's original acquisition of Twitter get their money back?

they get stock in xAI

Now xAI should just issue more stock that X would buy with xAI’s funds. Dilute until financiers have nothing — a move known as the tech bro classic.

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

#379

Post by intuitionist »

minwcnt5 wrote: post #199
saaaaaam wrote: post #48

So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he paid entirely using “money” that has a made up value and which he issues himself? Wild.

This also lets all of his co-investors in X, who were likely pissed that their shares tanked, exchange their shares at an inflated value (but one that still sees them losing 25% of their original investment) for shares in a trendy yet likely overvalued AI company that they consider to have more upside. The other part of this is that if TSLA stock drops to $100-ish he'll be at risk of being margin called on the loans…

The outside investors in X made a profit on paper; Twitter was bought for $44B but the deal was financed with like $31B in equity and $13B in debt. It’s not a big profit (in fact it’s worse than you would have done in T-bills), and of course they’re swapping one illiquid and hard-to-value asset for another, but Elon isn’t giving them a 25% haircut at all.
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