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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

#661

Post by tsimionescu »

User23 wrote: post #404
whats_a_quasar wrote: post #279

Earlier quoted context omitted.

Fair enough, edited to just revenue. But those are just datacenters bought with VC money - my intent was to say that xAI's resources are basically just the investment they've received.

You can’t just pull out the corporate Amex and buy a world class datacenter. There is considerable value add there.

We don't know that it's a world class data center, we only know how many GPUs they bought. For all we know, half of them could be staying on shelvez, and the whole data center could run for 5 hours a day: there's no public info on how well they're doing.

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

#662

Post by kelnos »

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.

Only if granted statehood. There's little downside to designating them US territories. Territories don't get voting representation in Congress.

Trump's "51st state rhetoric" doesn't actually have to be what happens, were he to do something drastic.

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

#663

Post by kelnos »

fzzzy wrote: post #194
nerdix wrote: post #135

Earlier quoted context omitted.

Canada and Greenland

I'm surprised they aren't talking about trying to take over Mexico too.

Why would they want to do that? Their base doesn't like Mexico or Mexicans. Keeping "Mexicans" (scare quotes because of course it's not just Mexicans who enter the US through the southern border) out of the US was a big part of Trump's platform.

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

#664

Post by silisili »

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…

He didn't leverage Tesla stock to buy X.

These Reddit level takes with zero research are making threads like this really annoying to read. All emotions, zero facts.

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

#665

Post by HWR_14 »

AtlasBarfed wrote: post #543
whats_a_quasar wrote: post #272

Earlier quoted context omitted.

As best I can tell the deal includes paying off $12 billion of Twitter debt. So that's real money, though that seems like it's basically all of the cash that xAI has raised, so if that's the case that's pretty wild. Edit: I misread, Musk said it's an all-stock deal, so you're right, it's all funny money. I think that means the combined entity is taking on that debt. It's still great for Twitter and bad for xAI invest…

I smell margin call desperation. Musk got visibly worried with tanking Tesla stock and pulled out some crazy stops to keep Tesla afloat. Remember, these megabillionaires are due to stock valuations, and live rich lifestyles on the basis of lending against the value of stock. If that value drops and a margin call forces actual selling, then Musk loses shares in Tesla. I have to think this stunt is related to Musk need…

Tesla is still worth more than it was 6 months ago. I don't think a margin call based on borrowing a few years ago is likely.

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

#666

Post by IrishTechie »

silisili wrote: post #664
minwcnt5 wrote: post #199

Earlier quoted context omitted.

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…

He didn't leverage Tesla stock to buy X. These Reddit level takes with zero research are making threads like this really annoying to read. All emotions, zero facts.

You haven’t added any facts either, it’s just one more statement from a random Interneter like those Reddit posts. I’m intrigued to hear some fact on this point though?

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

#667

Post by achierius »

ActorNightly wrote: post #565
Alupis wrote: post #474

Earlier quoted context omitted.

[flagged]

I hope your realize that nobody is buying "dems are just as bad" stuff anymore.

I hope you realize no-one is buying "but our billionaires are the good ones!" anymore. Elon was blue until like five years ago. Remember when Bezos was too?

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

#668

Post by HWR_14 »

silisili wrote: post #664
minwcnt5 wrote: post #199

Earlier quoted context omitted.

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…

He didn't leverage Tesla stock to buy X. These Reddit level takes with zero research are making threads like this really annoying to read. All emotions, zero facts.

How did he get the tens of billions in cash he personally put in if not leveraging Tesla. Yes he had minority investors and put some debt on the acquisition itself, but he put up a lot of money.

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

#669

Post by FranzFerdiNaN »

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

And how many of those are real people and not ever increasing numbers of bots?

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

#670

Post by vineyardmike »

Alupis wrote: post #474
lz400 wrote: post #457

Earlier quoted context omitted.

IMHO the US is turning into an oligarchy / autocracy like Russia. Musk is one of the oligarchs. We all know what happens to oligarchs when they get too close to eclipse the top dog and go near a window.

[flagged]

Crazily enough, Hollywood actors may be wealthy, but most are closer in wealth to the average Silicon Valley engineer than musk or Bezos. Oligarchs are generally not celebrities, they’re business tycoons who own a lot more capital and have a lot more ways to profit off of the government or “the system”.
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