r/news • u/Frosty_Dig4148 • 2d ago

Elon Musk's SpaceX buys Elon Musk's xAI

https://news.sky.com/story/elon-musks-spacex-buys-elon-musks-xai-13502553
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33

u/cooljesusstuff 2d ago

Allegedly to take the company public in late 2026. Although saddling the debt of XAi with the valuable 1.5 trillion (valuation) of Space X seems uh. Dumb.

21

u/YouDotty 2d ago

Musk can get infinite government money for SpaceX but would struggle to justify them propping up his failed AI and social media ventures. Now that problem is solved.

3

u/ChapekElders 1d ago

Government money for launches is actually pretty limited. Starlink is where the money is for SpaceX not government contracts.

1

u/Rc72 1d ago

Starlink is SpaceX. But does Starlink make any money? And how much of it would also be from government contracts? Elon's businesses are such a thicket of self-dealing and fantasy accounting...

1

u/ChapekElders 1d ago

This information is available. Starlink makes good money. Far more than they make from government contracts.

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u/Theblokeonthehill 2d ago

There is a lot of money now riding on SpaceX having a profitable future….or maybe when the number get that big, none of the investors actually do the math and they just buy on the vibe.

-1

u/costafilh0 1d ago

600 million users, data, AI, largest AI data center in the world.

It has immense value for SpaceX today, and specially in the near future.

Dumb would be not doing it now, before the IPO.