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

391–400 of 1001 posts

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

#391

Post by telotortium »

bayarearefugee wrote: post #24
andrewstuart wrote: post #10

Can someone please explain this with more words?

My take is that its super obvious X is a rapidly failing social media platform that is reportedly very dangerously leveraged with Tesla stock value... but xAI still has that Zombo.com magic where anything is possible and the unattainable is unknown.

Clearly the $44B price was too high for what it was really worth as a platform - Musk tried to get out of the deal, or at least decrease the price, but was forced to buy it at his initial offer by the courts. But I don't think there's any basis to say it's rapidly failing, at least from an engagement perspective - if BlueSky or Threads were going to kill X, they would have done so by now, or at least be well on their way. Besides, the real value of X is to seize control of a powerful propaganda platform from progressives, and in that he succeeded, maybe even beyond his wildest dreams.

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

#393

Post by croes »

rayiner wrote: post #182
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…

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

Doesn’t mean it’s also a fair price this time

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

#394

Post by thethimble »

redox99 wrote: post #205
kansface wrote: post #171

Earlier quoted context omitted.

Musk leveraged TSLA stock to buy Twitter.

Elon sold 19B in stock, took a loan for 6.25B, and the rest was other investors. The 6.25B loan, assuming he still has it, is really not an issue considering his net worth. He can add more collateral or sell a bit. In fact TSLA stock is higher now than when he bought Twitter.

[flagged]

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

#395

Post by bigtones »

dzhiurgis wrote: post #269
TheAlchemist wrote: post #253

Earlier quoted context omitted.

Just keep in mind this is all funny money ! The valuation of those 2 companies combined should be X is heavily in debt, diminishing user base, and bleeding money. 0 profits xAI is yet to make any actual revenues outside of ... X. Also bleeding money Although I would admit, that these companies are not valued based by their economics, but rather on political power they provide to the owner.

I’m guessing Tesla is paying xAI to train their FSD model?

No, Tesla has their own seperate training supercomputer called Dojo that it optimized for computer vision. Its one of the top 20 supercomputers in the world by compute.

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

#396

Post by Hasnep »

thanhhaimai wrote: post #136

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

> more likely that the internal number for TSLA is not good

The external number for TSLA is not doing very good either

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

#397

Post by ddtaylor »

permo-w wrote: post #332
legendofbrando wrote: post #301

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $1T. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

right but you don't have $1T to do that, whereas clearly he has however much money he's paid for it. it's a weird thing to do, but if he has the money to do it then meh?

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $250,000. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

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

#398

Post by rayiner »

timewizard wrote: post #355
rayiner wrote: post #182

Earlier quoted context omitted.

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

"did not act unlawfully" and "paid a fair price" are two entirely different things.

They are, but in the relevant Delaware law the latter point matters when there is a potential conflict of interest, so the Delaware court ruled on that.

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

#400

Post by croes »

mingus88 wrote: post #87
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.

Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…

> He’s literally the richest person the earth has ever known.

That’s disputable

> He literally commands the most powerful military apparatus the world has ever seen.

That’s also disputable

Post reply on HN