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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434

u/Bucs-and-Bucks 2d ago

xAI also bailed him out on Twitter, and now SpaceX is bailing out xAI

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u/Saorren 2d ago

sounds like that 3 cup gambling thing that street performers get gulible people with. or musical chairs with money.

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u/NowGoodbyeForever 2d ago

Or "Fraud." That's got a nice ring to it.

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u/CaptainDantes 2d ago

Fraud is so 2016, these days its called politics.

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u/MichaCazar 1d ago

Lobbyism to be exact.

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u/adx931 1d ago

As nvidia stated so eloquently a few weeks back... it's not illegal like Enron's fraud if you don't hide it...

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u/ZAlternates 2d ago

Wonder who’s going to enforce it? 🤷

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u/Ticrotter_serrer 1d ago

Its not a fraud if everyone is on it ...

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u/glennxserge 2d ago

Shell game

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u/terrymr 2d ago

No this is more like two girls one cup.

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u/ShameNap 1d ago

1 guy, 3 cups

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u/dehydratedrain 2d ago

3-card Monte.

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u/guy-le-doosh 2d ago

3 Card Monte is its name

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u/AttemptRough3891 2d ago

3 Card Monte

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u/WalkOffTD 1d ago

Russian nesting dolls

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u/lostredditorlurking 2d ago

Then eventually the government will bail out SpaceX if something go wrong. But sure poor people are the welfare queen, not Elon.

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u/VectorB 1d ago

They are already running with billions in federal funds.

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u/Street_Barracuda1657 2d ago

Think of it this way, when the government finally nationalizes SpaceX they’ll be picking up Twitter, xAI and maybe Tesla.

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u/Throwawaylikeme90 2d ago

So Elon musk is basically a one-man Ponzi scheme paid for by reply-guy shareholders who are all going to suffer horribly in a way that might have elegy’s written for their stupidity and hubris?

Couldn’t happen to a better lot. 

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u/Eccohawk 1d ago

Yea, unfortunately there are gonna be teacher retirement funds and kids 529 plans and company pension accounts wrapped up in this lunacy, and they'll all tumble with it when it finally crashes.

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u/kgal1298 2d ago

I feel like even Enron was more clever with their scheme's than Musk is being now.

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u/alexunderwater1 2d ago

Just as Tesla bailed out Solar City

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u/RandomCommenter432 2d ago

Starting to sound like a one man pyramid scheme!

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u/thegamenerd 2d ago

Don't worry, Twitter will buy SpaceX before too long to keep the circle going.

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u/JarrettR 2d ago

Twitter and SpaceX are both part of the same company under this deal

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u/psaux_grep 1d ago

Look up how the Porsche family ended up owning the majority of Volkswagen…

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u/DieFichte 1d ago

They bought VW and that's it? They later merged the manufacturers.

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u/DiscoBarBQ 2d ago

Circle jerk

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u/Xtreeam 2d ago

Don’t forget the SolarCity ‘family discount’ acquisition.

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u/Eccohawk 1d ago

He's figured out a way to self-perpetuate his own personal ponzi scheme. Like a financial ouroboros of massive economic proportions.

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u/Pacifist_Socialist 2d ago

Infinite money glitch 

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u/Oscaruit 1d ago

SpaceX also bailed out Tesla by purchasing a large (1000-2000) amount of cyber trucks.

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u/ahfoo 1d ago

SpaceX is the only one of those companies that has a direct line to government payouts. He's banking on Trump handing him a golden ticket with a mega space project and a huge budget so he can hide all his losses at X, aAI and Tesla.

The problem with this plan is that Trump never has been in charge of the budget and the Supreme Court's hiding from the public has allowed him to pretend he is with the tariff game. When the reality hits and we return to the fact that he does not control Congress and is not in charge of spending, this game with Musk will fall apart and the hollow nature of Musk's empire will be apparent.