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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

#701

Post by facile3232 »

marinmania wrote: post #224
rayiner wrote: post #182

Earlier quoted context omitted.

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

OP mentions the lawsuits did not succeed Its not like the courts are investment banks with an evaluation arm. They are just judging if anything reaches the point where shareholders were legally harmed, which still gives a lot of gray area to the acquiring company.

shareholder value maximization, shareholder value maximization über alles

I just wanna know where we can find these shareholders and evict them from earth because they're destroying everything.

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

#702

Post by DeathArrow »

I see many people hating Musk too much for political reasons. The same people are pretty convinced that he does not know how to conduct business, that he is operating at a loss and he will tank every business he is involved in.

If that is the case, why don't this people put their money where their mouth is and invest everything they have in shorting Musk owned stocks like Tesla, SpaceX, xAI? They might have the chance to see their dream come true and Musk go broke and homeless.

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

#703

Post by eximius »

rayiner wrote: post #182
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…

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

[flagged]

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

#704

Post by echoangle »

croes wrote: post #400
mingus88 wrote: post #87

Earlier quoted context omitted.

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. That’s disputable > He literally commands the most powerful military apparatus the world has ever seen. That’s also disputable

>> He literally commands the most powerful military apparatus the world has ever seen.

> That’s also disputable

Why? Which military has ever existed that would have a chance against the current US military?

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

#705

Post by DeathArrow »

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.

> 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?

And that is for sure either illegal or immoral. /s

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

#706

Post by gg82 »

riffraff wrote: post #551
pedalpete wrote: post #284

Earlier quoted context omitted.

I wonder if Elon will acquire it with shares.

I mean, he did pay people directly for voting in the last round of primaries and he's doing it again for that judge election in Wisconsin, and all his money is Tesla shares so.. yes, he's already doing it.

He didn't pay them to vote. He paid them for signing a pledge. He had no way to determine who they voted for.

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

#707

Post by cellwebb »

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…

I don't think he's going to be able to spin up hype on anything after this. He's burned a lot of bridges.

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

#708

Post by tim333 »

TheAlchemist wrote: post #604
rqtwteye wrote: post #370

Earlier quoted context omitted.

Is Bankman-Fried next?

I would be shocked if he's not out within 3 months. If he's not, that would mean that he was an altruist after all...

I wouldn't call the bitmex guys scammers. They were found guilty of not implementing proper anti money laundering regulations but didn't really steal money I think. They also invented perpetual futures which have been a very successful financial instrument. They were only sentenced to six months house arrest for Hayes and probation only for Delo, all served a while ago.

SBF on the other hand did bad stuff and has only served one year out of a 25 year sentence and I'd be a little surprised if he's out in a hurry.

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

#709

Post by xhevahir »

kelnos wrote: post #605
nozzlegear wrote: post #506

Earlier quoted context omitted.

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

Trump may be Commander in Chief, but he cannot start a war without Congress' approval. Unfortunately, they've essentially given more or less blanket approval for various wars and war-like actions since before 9/11, and that approval keeps getting renewed every year.

The advent of nuclear weapons arguably negated Congress's power to withhold approval for war. Garry Wills writes about this in his book Bomb Power.

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

#710

Post by nprateem »

mandeepj wrote: post #207
mingus88 wrote: post #87

Earlier quoted context omitted.

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…

> 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).

If you don't believe he'll find a way to get a third term like every other dictator, you're living in a fantasy.
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