Comment by Animats
8 hours ago
“Orbital space centres and mass drivers on the Moon will be incredible.” - Musk
Right.
The product is the stock. TSLA: [1] Up by 3x in the last two years, despite no new models, the Cybertruck failure, the Robotaxi failure, the large truck failure, and an overall decline in sales. How does he do it?
It's a concern seeing Space-X, which builds good rockets, drawn into the X and AI money drains. Space-X is needed. If X and X/AI tanked, nobody would care.
Greatest hype man of all time and shows how whacked out reality and economics are.
If I was a SpaceX investor I'd be considering litigation. Saying the core product has to be rebuilt right after it gets bought by SpaceX?! Maybe the SpaceX investors would have liked some diligence about that before purchase but looks like someone had a conflict of interest about that.
Space-X and x/AI are both privately held.
But this may mess up the proposed IPO.[1]
By completing the SpaceX–xAI deal while both companies remain privately held, and now closed, Musk can effectively set relative valuations, negotiate terms within a founder‑controlled ecosystem, close, and then inform investors, without the procedural drag and disclosure obligations that attend a public‑company merger. That flexibility can reduce near‑term execution friction. It does not, however, eliminate fiduciary exposure; rather, it may defer scrutiny to the IPO phase, when investors and regulators will examine how and why the combination occurred, how it was priced, and how related‑party dynamics were managed.
[1] https://www.dandodiary.com/2026/03/articles/director-and-off...
You had the answer right there… SPCX will be the product, what they make will no longer matter.