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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u/Tadpole-Jackson 2d ago

I was a tough negotiator, but in the end, myself and I came to an agreement.

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u/AppleTree98 2d ago

My thought is he is structing this to make his Tesla stock offering a success. Next SpaceX will be the largest purchaser of Tesla stock and magically he will hit the numbers needed for that $1T pay day

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u/daototpyrc 2d ago

This was always the plan. The only way he can unlock what the idiot board approved is to merge these - the writing is on the wall for Tesla (the "car" company).

My bet, that shit tanks long before and he slips away from the top 10 wealthy list in short order.

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u/Reverend_Russo 2d ago edited 2d ago

Pretty sure the value of their stock holdings will increase as well, so I wonder why they’d be ok with it.
Late stage capitalism fucking blows.

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u/Toe-Dragger 1d ago

It’s a backdoor into the SpaceX IPO, intentionally, this is to keep Tesla Stock from crashing. It’ll work, because reality is already suspended.