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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

#671

Post by sebazzz »

mayneack wrote: post #75
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…

Surely a theoretically disgruntled xAI shareholder is going to have a harder time here since they're both private companies and given Elon's proximity to any potential regulators.

Do regulators still have teeth in the US?

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

#672

Post by achierius »

permo-w wrote: post #429
ddtaylor wrote: post #397

Earlier quoted context omitted.

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.

changes nothing

Yeah it does, presumably he has that much money, which invalidates your original point. Hope that helps explain the situation!

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

#673

Post by Rzor »

selectodude wrote: post #490
no_wizard wrote: post #316

Earlier quoted context omitted.

Every time I see deals like this that are going to be such raw deals for the majority of those who invested it feels like a keen reminder that all the talk of market efficiency the pro caps in Washington talk about are full of it This is a terrible and inefficient use of money. It’s inevitable that this paper house will fall over

Markets are plenty efficient. They’ve just lit billions of dollars on fire that used to belong to people stupid enough to believe in Elon Musk.

I fail to see the efficiency part. Care to elaborate?

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

#674

Post by silisili »

IrishTechie wrote: post #666
silisili wrote: post #664

Earlier quoted context omitted.

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?

[flagged]

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

#675

Post by silisili »

HWR_14 wrote: post #668
silisili wrote: post #664

Earlier quoted context omitted.

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.

He sold Tesla shares.

This is all public, I don't understand the weird speculation...

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

#676

Post by muragekibicho »

kelnos wrote: post #631
nmisty920 wrote: post #582

Earlier quoted context omitted.

I have no opinion about Musk or Trump. I just want to give counter-examples to your claims: Saddam Hussain, Mussoloni, Ceausescu. At the peak of their power, they all seemed untouchable. Would they even have thought, when they were ruling their countries, that one day their fortunes would turn? Quoting Gandhi: "There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they alway…

I think if we look around the world we can find plenty of counterexamples to Ganhi's quote. Sure, they always "fall" in the sense that they're not immortal and they'll eventually die, but it's often (usually?) the case that a family member or some sort of protege steps up to fill their shoes.

The first counteraxample that comes to mid is Idi Amin, the Ugandan dictator. He murdered, pillaged and lived out the rest of his years (happily and luxuriously) in Saudi Arabia.

He lived "in a villa rented for him by the government of Saudi Arabia in the posh Al Hamra district". https://www.dawn.com/news/135283/idi-amin-led-quiet-life-in-...

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

#677

Post by hermitcrab »

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.

Putin might well be richer.

Also it is hard to compare his wealth to historical figures, such as Mansa Musa.

https://en.wikipedia.org/wiki/Mansa_Musa

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

#678

Post by verytrivial »

fixprix wrote: post #616
verytrivial wrote: post #44

I for one hope this all ends really, really badly for him and his backers.

I hope like the previous 20 years, his companies just get more and more successful. I like electric cars, and rockets, and AI, and tunnels, and brain implants, and less government spending, and real people with flaws.

At least the trains will run on time.

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

#679

Post by thih9 »

krapp wrote: post #261
madeofpalk wrote: post #161

Earlier quoted context omitted.

This only matters if people care enough to act appropriately when that is broken.

I guess we'll see what matters when Trump orders the tanks to roll into Canada.

This wouldn’t happen today. Today there is talk about Canada becoming 51st state; there is relatively little opposition to that - on the contrary, the perception of Canada as a US ally drops in the US[1]. Four more years of this and I could see people similarly accepting tanks. And if you want to prevent this, the time to act is now.

[1]: https://apnews.com/article/trump-poll-allies-enemies-friends...

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

#680

Post by DoesntMatter22 »

kelnos wrote: post #601
zahlman wrote: post #449

Earlier quoted context omitted.

Isn't Twitter's stock price higher than it was at acquisition?

As the sibling pointed out, private companies don't have stock prices. But I've read estimates that Twitter is worth less $10B now, so less than a quarter what Musk paid for it.

The banks just recently did a debt sale of a lot of that debt close to list price, so 44 billion dollar valuation is probably reasonable. Apparently the company is profitable now, sans the debt, so as long as it doesn't go out of business and can grow on other fronts then it's probably not a problem.
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