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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

#591

Post by ang_cire »

nozzlegear wrote: post #506
coliveira wrote: post #452

Earlier quoted context omitted.

Let's be realistic: Congress has given away its power for decades. It is nowadays a Congress permanently divided and pretty much non-functional.

Congress has never had the power to command the military, that's not one of the powers granted to it in the constitution.

Congress has the power to declare a war, which was supposed to prevent the Executive from taking any military action that was not purely defensive, without their approval. There was even a requirement about how long the President had to give an accounting to Congress about any action they did take. So yes, Congress was supposed to have the ability to "command" the military insomuch as they could choose whether the Executive could utilize them or not. Saying "no, you're not going to do that" is an authoritative command.

Hamilton, Washington, and Madison all separately wrote that Section 8's War Declaration clause was intended to be a substantial limit on the President's power. Even the small, mini-conflicts in the 1800s required Congressional approval to initiate, it wasn't until the 1950s that the Executive branch destroyed that check on Executive power.

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

#592

Post by laserbeam »

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.

Musky, tell me 5 things you did today at school.

Well, I invented a new name, sold it to myself and now people say I’m worth more money.

Anything productive, Musky?

No. Nothing else.

You're fired Musky!

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

#593

Post by andreygrehov »

TZubiri wrote: post #438
kemotep wrote: post #84

With the grok integration into X already being a thing and both being owned by Elon and called X it never really seemed like they were actually two different companies at any point so this is an interesting reminder that they were not.

The grok thing feels as forced and useless as every other AI feature by every other company. This has "sure buddy" vibes all over it.

You might want to give Grok a try. It performs better than any other LLMs out there.

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

#594

Post by baby »

mandeepj wrote: post #196
redox99 wrote: post #167

Earlier quoted context omitted.

I don't understand the relation with TSLA.

There's a margin on TSLA stock at $112 or $115; Like some other commentator said as well - he collateralled TSLA stock to take a loan to buy Twitter.

his margin call level is not public right?

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

#595

Post by rockskon »

ekianjo wrote: post #567
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.

> diminishing user base Where are you getting this from? All numbers I see indicate the user base has been growing globally. https://backlinko.com/twitter-users

Elon made a post about user growth being stagnant.

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

#596

Post by kelnos »

Alive-in-2025 wrote: post #324
pclmulqdq wrote: post #238

Earlier quoted context omitted.

No X shareholder in their right mind will object to getting a $45 billion valuation (including debt) when their latest valuations have the company at <$10 billion.

Twitter still has a lot of users and if they stopped being used by offensive at times racist and awful, then Twitter could get more users, sell advertising and make money probably. Now that's all gone because Twitter could investors need w own a small piece of the giant over inflated Xai, which has value because of AI hype but it's future actual value is questionable. There are so many other AI companies, so what is…

> if they stopped being used by offensive at times racist and awful, then Twitter could get more users, sell advertising and make money probably.

That's a big if, and I think most people would be pretty skeptical of the possibility of that happening. The fact that outside investors seem to value it at under $10B suggests that's a common enough opinion.

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

#597

Post by samr71 »

whats_a_quasar wrote: post #250
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…

The solar city acquisition was for "only" $2.6 billion. This deal is way bigger. I'm not sure what the Tesla valuation was at the time of that deal, but I have to imagine it's proportionally way bigger too. A $45 billion acquisition when the acquirer, xAI, has an $80 billion valuation will threaten the integrity of xAI. Particularly because that's just a paper valuation and xAI doesn't have much of any revenue. If I…

They're gonna go public and the market cap will be at ~$300B within a year or two

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

#598

Post by andreygrehov »

snotrockets wrote: post #165
theprop wrote: post #95

This is interesting and may point to X / Twitter becoming more AI-driven in the future (many possibilities). Grok has become my go-to AI -- I personally find it better than (the free version at least) of ChatGPT, paid Gemini, and anything else -- though it does have a lot of problems.

I don't believe it has to be said: It's not about product, it's about manipulating the balance sheet.

Customers care about the product, not the balance sheet. Musk could pull it off? Good for him.

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

#600

Post by bmitc »

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…

Is he really rich? He started a car company, one that is known to make shit cars. All of their big bets failed. So what was supposed to be "not just a car comoany", which is what all the insane valuations were based on, is now "just a car comoany" and a shit one at that. So why is this car comoany still valuated at such insane hype levels? Is his wealth not entirely tied to the hyper-valuation of this car company?
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