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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

#761

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.

It’s actually more, right? Because it’s $33b+$12b of debt, which means he’s saying it’s worth $45b.

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

#762
post #726

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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…

South Korean president is jailed for trying to coup, no? So there’s precedent.

I mean this is exactly the reason why they won't want to put Trump in jail - so that it doesn't turn out like in Korea. After all, where you can put one president in jail, you can put a next one in jail too.

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

#763
post #762
post #726

Earlier quoted context omitted.

South Korean president is jailed for trying to coup, no? So there’s precedent.

I mean this is exactly the reason why they won't want to put Trump in jail - so that it doesn't turn out like in Korea. After all, where you can put one president in jail, you can put a next one in jail too.

I mean, yes? Where you can put one president in jail (for trying to demolish democracy and establish oligarchy/autocracy), you can put a next one in jail too (if they try to do the same)

This is called upholding the constitution and it’s fundamental for a democracy. If you say president is immune, you get current US.

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

#764

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...

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

#765
post #720

Earlier quoted context omitted.

>> 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?

Taliban. Conventional armies have a hard stand against partisans. The US in Vietnam and Russia and the US in Afghanistan.

I'm not sure if you are joking or not, but anybody who measures military power doesn't actually looks at things like ability to do something. Talbian and co simply survive and don't give up. But they are totally incapable of anything else beyond that.

> Conventional armies have a hard stand against partisans.

No they don't. Its just not worth doing in the long run.

And whatever you may think of the US military forces, they have the ability to do lots of things.

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

#766

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…

> so what is it that xai can do that justifies an $80 billion valuation?

Crush every competitor through regulation?

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

#767

Earlier quoted context omitted.

That military apparatus is sworn to uphold the Constitution, not support the current president.

I really wish for this theory to be tested TBH. Martial law in US would be a great thing. US economy tanks, rest of the world like Europe is forced to pick up the slack, the world gets a refresh on what conservative "small government" brainrot does to countries.

It won't be like that. You'll slide further towards Putin/Erdogan state management and oligarchy. Hints of it already in how AP and The Atlantic are being treated, and the hints about what a future judicial system might look like.

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

#768

Earlier quoted context omitted.

He only holds ~15% of Tesla. His real money is in SpaceX... 50% ownership there. I wish people would think just a little before parroting the "hit Musk where it hurts" drivel.

At the rate he's going, SpaceX is probably on its way to being nationalized within the next few elections. And that would make sense totally aside from punitive response: it is pretty dangerous to have such vital defense infrastructure controlled by such a mercurial personality.

> And that would make sense totally aside from punitive response

So the government has spend the last nearly 50 years completely failing in building rockets or sats the way SpaceX did. SpaceX with little money did it in less then 20 years.

And now you think its smart to have have the government taking over again? Do you want the government to run the global Starlink network, dealing with costumer complains?

What part of NASA or any part of the government in the last 20 years convinced you that they could operate SpaceX?

DoD tried to make space good and literally created ULA and after 10 years they often paid 300+ million for a launch?

And just FYI, Starshield is Starlink for the government and the government already controls those themselves.

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

#769
post #711

Earlier quoted context omitted.

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Pointing out disinformation is a valuable thing to do, and well in the spirit of hacker news.

In his case, I would often call it "adding noise to the signal" and not "pointing out disinformation".

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

#770
post #642

Earlier quoted context omitted.

My quick search is showing Tesla is worth some $800B. 15% of that is real money.

15% of that is paper money, heavily levered against. If he tries to sell even 2% of that in order to turn it into actual real money, the remaining 13% will be worth less, because a sell-off will lower the stock price.

Of course, just selling a single stock will lower the price of other stocks. But the dropoff is nowhere close to what you are implying. He has sold lots of stock over the years and somehow Tesla stock price didn't drop that much.

I feel like you used 'worth less' to imply 'worthless'. But this is far from the case, 13% would still be a gigantic pile of 'money'.

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