Comment by bko
12 hours ago
Hiding losses? From whom? He's the majority shareholder of both businesses. The combined company will go public and report on things like revenue, burn rate, etc. It's not financial engineering. It's a purchase.
Just say "rocket man bad" and save some keystrokes.
Maybe he likes the xAI minority investors more than the SpaceX investors? Or he needs their support for something else.
I agree we'll have to keep digging (or reading other comments, at least) to find a better explanation.
> Just say "rocket man bad" and save some keystrokes.
Hey Jeff, on what day is the wildest party on your island?