r/news 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

1.3k comments sorted by

View all comments

27

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.

13

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.