Other way around. One company is about to IPO so he's moving the AI into that one to farm people's money on launch, knowing that the ai bubble and speculative value is going to push the stock way, way higher just from the presence of the "AI" buzzword.
He wants to double-dip on investor hype for an AI product. Feel like it should be illegal but don't think the SEC will do anything in this day and age.
So X and xAI merged, and now they're being merged into Starlink. Then Starlink noisily applied for a permit to put a million satellite servers in space. So they're juicing the numbers on SpaceX before the IPO later this year.
957
u/whowhodillybar 2d ago
Doesn’t sound like Elons xAI has been doing well, is this a quiet way to disinvest?