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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

#511

Post by tills13 »

maxlin wrote: post #288
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 sounds as tinfoily a take as I've heard here. TSLA is not related to this in any way.

The purchase of Twitter was leveraged using TSLA stock.

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

#512

Post by bawolff »

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.

Rich people become poor people all the time. Its hardly unheard of.

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

#513

Post by arandomusername »

uxcolumbo wrote: post #323
ein0p wrote: post #256

Earlier quoted context omitted.

See the leaderboard tab here: https://lmarena.ai . Or just try it. It's excellent. Usage is free of charge so far. Subjectively, on my prompts, it seems substantially stronger than GPT 4o and 4.5. I also like its more "informal" tone, and its willingness to discuss the more controversial topics.

I think it’s important to not support products by people who want to destroy democracy and who openly sieg heiling or claiming Hitler wasn’t responsible for the Holocaust.

[flagged]

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

#514

Post by codethief »

kulahan wrote: post #351
Alive-in-2025 wrote: post #339

Earlier quoted context omitted.

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.

Theoretically the synergy with Twitter could be fantastic in terms of potential value added, if I’m trying to be down to earth. The others have no real foothold in the real world beyond their own services, and users may flock away as AI integrated into their favorite apps etc. become good enough.

What synergy exactly? Selling Twitter bots?

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

#515

Post by mandeepj »

saxonww wrote: post #468
mandeepj wrote: post #207

Earlier quoted context omitted.

> Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him After 2028 elections, all of that umbrella cover will go away. Optimistically speaking it could happen as soon as after Nov of 2026 (midterms).

Re: 2026, it's possible Democrats could take back the House, and then be able to impeach the President. But it looks like they would need to win 32 of the 33 seats up for grabs in the Senate - 20 of which are currently held by Republicans in solidly red states - to guarantee the 66 votes necessary to convict. That seems unlikely. And think about what would need to happen if you'd like to see actual change in leadersh…

> But it looks like they would need to win 32 of the 33 seats up for grabs in the Senate - 20 of which are currently held by Republicans in solidly red states - to guarantee the 66 votes necessary to convict. That seems unlikely.

Your numbers are on point. But, there's another Math that could take us on that path leading to the same goal: A lot of republican lawmakers aren't happy currently. Although it's a long shot, some of them could join Democrats in impeaching those two clowns.

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

#516

Post by 9283409232 »

defrost wrote: post #333
mandeepj wrote: post #207

Earlier quoted context omitted.

> Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him After 2028 elections, all of that umbrella cover will go away. Optimistically speaking it could happen as soon as after Nov of 2026 (midterms).

The elections are already being taken over .. in newspeak of course. PRESERVING AND PROTECTING THE INTEGRITY OF AMERICAN ELECTIONS ~ https://www.whitehouse.gov/presidential-actions/2025/03/pres... The sweeping 12-page order contains a number of provisions, including a documentary proof of citizenship requirement to vote in federal elections as well as a requirement that all ballots be received by Election Day – both…

He already said if he won you would never have to vote again but for some reason people didn't take him seriously.

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

#517

Post by bhouston »

tw04 wrote: post #387

He’s currently bailing himself out because the collapse of his Tesla stock would likely mean he’s unable to service the loans he took out to buy X. Honestly surprised the VCs that dumped all the money into xAI are on board. I’m guessing he still must have controlling stake.

> Honestly surprised the VCs that dumped all the money into xAI are on board. I’m guessing he still must have controlling stake.

Why would he give them a controlling stake? I suspect they don't have control.

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

#518

Post by rayiner »

timewizard wrote: post #421
rayiner wrote: post #398

Earlier quoted context omitted.

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.

The "fair price" standard and ruling is about both the process and the price. And the standard is likely not what most people would assume it to be, particularly as stated by the OP, resting on matters such as "was and is the transaction synergistic to Tesla?" It's also notable that the court found several process flaws created by Musk but ultimately determined the Tesla board was independent enough that it was likel…

It wasn’t a criminal case, and plaintiffs didn’t need to meet a high burden of proof. And Delaware’s entire fairness standard is a two-prong test that includes both fair dealing and fair price: https://en.wikipedia.org/wiki/Weinberger_v._UOP,_Inc.

The court ruled:

> Even assuming (without deciding) that Elon was Tesla’s controlling stockholder, the Tesla Board was conflicted, and the vote of the majority Tesla’s minority stockholders approving the Acquisition did not trigger business judgment review, such that entire fairness is the standard of review, the persuasive evidence reveals that the Acquisition was entirely fair…

> Equally if not more important, the preponderance of the evidence reveals that Tesla paid a fair price—SolarCity was, at a minimum, worth what Tesla paid for it, and the Acquisition otherwise was highly beneficial to Tesla. Indeed, the Acquisition marked a vital step forward for a company that had for years made clear to the market and its stockholders that it intended to expand from an electric car manufacturer to an alternative energy company. The Court’s verdict, therefore, is for the defense.

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

#520

Post by jjfoooo4 »

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.

I think xAI investors were enthusiastically buying a ticket on the Elon rollercoaster
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