Comment by bandrami
8 hours ago
I think the argument is that it's messed up that a large debt swap from xAI kept Musk's margin on Twitter from being called by his investors, and now that debt is being absorbed by SpaceX.
8 hours ago
I think the argument is that it's messed up that a large debt swap from xAI kept Musk's margin on Twitter from being called by his investors, and now that debt is being absorbed by SpaceX.
> Musk's margin on Twitter from being called by his investors,
Primary and largest investors in X are: Elon Musk, Saudi Prince Alwaleed bin Talal, Larry Ellison, Jack Dorsey.
I don't know that you need to worry about their financial well-being or that they are getting a raw deal.
I think people are more concerned about SpaceX getting the raw deal here.
And specifically that if the music is about to stop SpaceX has an implicit government backstop
4 replies →
> SpaceX getting the raw deal here.
Have they complained?
6 replies →
Yeah, the financial well-being of those investors is not what people are worried about here
Whoa, I had to do a double-take on the Dorsey mention -- like, didn't he take the money and run while laughing at the folks that overpaid? But it seems he's retained a 2.4% ownership stake in Twitter/X, according to Wikipedia:
https://en.wikipedia.org/wiki/Jack_Dorsey#Twitter
Still, don't make the mistake I did, which was to read the above comment to mean "he put more money in at the time of the buyout", since he was called an "investor in X".