Comment by Traster

Galloway and Swisher have been speculating about this (as well as a Tesla roll up) for a while. It makes tonnes of sense from Musk's perspective- he's got this behemoth monopoly that'll be worth a trillion on the stock market, meanwhile he's got xAI and Twitter which are both sub-scale money losers. It's easiest way to bail out his bad bets (and keep his investors sweet). The only question is whether eventually Tesla joins the party, it makes the most sense for xAI and Tesla to be joined, but I just don't see how that can happen. The benefit of xAI and x.com is that they were private so there weren't meme stock valuations to compete with, the investors would take a resonable payout know, safe in the knowledge SpaceX will IPO to a meme stock valuation. Tesla's valuation has to return to earth before SpaceX can bail it out and by that point it'll be like catching a falling knife.