The merger was most likely now because they have to do it before the IPO. After the IPO, there’s a whole process to force independent evaluation and negotiation between two boards / executives, which would be an absolute dumpster fire where Musk controls both.
How was that move legal anyway? Like... a lot of people and governments gave Musk money to develop, build and launch rockets. And now he's using it to bail out his failing social media network and CSAM peddling AI service.
Money comes with strings, such as when forming an ongoing relationship with a company you expect them to not merge with other companies you are actively prosecuting. I suspect the deal is going so fast to avoid some sort of veto being prepared. Once SpaceX and xAI are officially the same, you lose the ability to inflict meaningful penalties on xAI without penalizing yourself as an active business partner with SpaceX.
I wonder if the recent announcement spurred them into making a move now rather than later.
The merger was most likely now because they have to do it before the IPO. After the IPO, there’s a whole process to force independent evaluation and negotiation between two boards / executives, which would be an absolute dumpster fire where Musk controls both.
When they’re both private, fine, whatever.
First thing a public spacex would want to do is sell off all the non-spacex crap
How was that move legal anyway? Like... a lot of people and governments gave Musk money to develop, build and launch rockets. And now he's using it to bail out his failing social media network and CSAM peddling AI service.
Once he launched the rockets he can do whatever he wants with the profit. And he wants to train Grok.
Money comes with strings, such as when forming an ongoing relationship with a company you expect them to not merge with other companies you are actively prosecuting. I suspect the deal is going so fast to avoid some sort of veto being prepared. Once SpaceX and xAI are officially the same, you lose the ability to inflict meaningful penalties on xAI without penalizing yourself as an active business partner with SpaceX.
CSAM in space! At least he isn’t reinventing the cross town bus.