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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

#491

Post by mingus88 »

ncallaway wrote: post #248
berdon wrote: post #188

Earlier quoted context omitted.

From what I have been told (specific to the US army): - Enlisted swear oaths to the constitution and President - Officers swear an oath to the constitution I’ve only been told this, I don’t claim to know.

You can just google the oaths that people take. - enlisted: https://www.army.mil/values/oath.html > I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed o…

Take a look at the Oath Keepers or the 3%ers and let me know if you think they are going to do the right thing here.

They took an oath to protect their interests. That’s it and that’s all.

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

#492

Post by longdustytrail »

nout wrote: post #482
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.

All money is made up. The banks literally "lend" money into existence without having it backed by anything, the banks don't need to have the money in the first place, the bank reserve requirement has been dropped to 0% in 2020.

It’s true that all money is made up, but not in the same sense OP means.

Like I could give you 20 dollars and it’s made up in a sense, it’s just a piece of paper, but also you can go to the store and buy things with it.

Whereas if you’re an investor in a company and the CEO does some self dealing which nominally values your shares at 20 million, you can’t go spend that. It’s even more made up

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

#493

Post by VirusNewbie »

HarHarVeryFunny wrote: post #417

Seems to me he's just scammed xAI investors, who thought they were investing in an AI company, into bailing him out of his failed Twitter purchase - they are now the idiots who paid $44B for Twitter (recently valued by Fidelity at $10B), and Musk gets his money back.

Is there currently a better use of the money? They can’t just double their GPU count.

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

#495

Post by cyanydeez »

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.

Welcome to the real world of finance. Hollywood accounting is taking over the globe, and they need to control the government to do so.

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

#496

Post by n1b0m »

ripped_britches wrote: post #164
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…

This doesn’t seem like a branding related deal, it seems like wanting to further marry their operations for strategic reasons.

What was stopping him doing that before? He owned both companies.

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

#497

Post by sumeno »

imgabe wrote: post #329
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.

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.

I've got a water bottle, I'm going to sell it to myself for $1 billion dollars.

I now own a $1 billion dollar water bottle

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

#498

Post by n1b0m »

electriclove wrote: post #442
HarHarVeryFunny wrote: post #417

Seems to me he's just scammed xAI investors, who thought they were investing in an AI company, into bailing him out of his failed Twitter purchase - they are now the idiots who paid $44B for Twitter (recently valued by Fidelity at $10B), and Musk gets his money back.

These xAI investors are not regular paycheck people. If they aren’t happy, this deal would not have happened. If they lose money, who cares.

“Musk did not ask investors for approval but told them that the two companies had been collaborating closely and the integration would drive deeper integration with Grok.”

https://www.theguardian.com/technology/2025/mar/29/elon-musk...

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

#499

Post by getnormality »

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.

I just borrowed a hundred trillion dollars from myself, then paid it back instantly. This means the majority of 2025 US GDP is now my financial activity, right? Seems newsworthy.

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

#500

Post by dcchambers »

So the real story here is that he was in danger of getting margin called on the loan he took to buy Twitter which he financed with TSLA shares as collateral, and this is him moving money around so he doesn't have to face the reality of actually getting margin called amid a sinking TSLA, right?
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