Comment by kwanbix

5 days ago

Musk writes a letter from his ceo@spacex.com email and he reads it from his ceo@xai.com account. And viceversa.

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kwanbix

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Tuna-Fish  5 days ago

The lawyers are the ones talking, and they have to come up with a fair valuation.

If SpaceX pays too much for it, other SpaceX shareholders have a case against SpaceX leadership. If xAI accepts an offer that is too low, other xAI shareholders have a case against xAI leadership. Given that the leadership is basically the same people, they are very well incentivized to come up with a valuation that is as fair as possible.

And this is not just theoretical, Musk has already been sued successfully once on a similar case, when his companies gave out too much free support to the boring company.

  • edmundsauto  5 days ago

    Otoh, he is clearly impulsive and doesn’t think the rules apply to him. I am guessing, if one approach benefits him personally the most, there will be enormous pressure to achieve that outcome.

    • CamperBob2  5 days ago

      Otoh, he is clearly impulsive and doesn’t think the rules apply to him.

      They don't, so why shouldn't he think that way?

  • a_t48  5 days ago

    Tesla engineers being lent out right after the Twitter buyout to eval the codebase was one of many reasons I won’t work there. So unserious.