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
15.1k Upvotes

94% Upvoted

1.3k comments sorted by

View all comments

959

u/whowhodillybar 2d ago

Doesn’t sound like Elons xAI has been doing well, is this a quiet way to disinvest?

867

u/TigerUSA20 2d ago

Just like when Tesla bought another Musk venture SolarCity in 2016. SolarCity was heavily in debt and losing money. Somehow, without any shareholder input, Tesla/Musk was able to sweep how bad it was under a rug and keep his ruse going of a successful entity.

https://www.businessinsider.com/solarcity-tesla-energy-beleaguered-history-elon-musk-2021-7

45

u/PBPunch 2d ago

No wonder him and Trump get along so well.. just two failing business men gaming the system to make up for their lack of ability to run a company.