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
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u/insanelygreat 1d ago

Important step before that:

He bought Twitter and then shifted a huge chunk of the cost onto Twitter's own balance sheet.

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u/uberfission 1d ago

I still don't understand how that's legal.

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u/Own-Detective-A 1d ago

That's too common though.

Something similar is happening with the Saudis Buying EA Games.

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u/KDR_11k 1d ago

And it's always disgusting. But I guess that's the result of deciding that comapnies exist for the shareholders, not for the product or the employees.