Comment by cedws
2 months ago
It was pretty obvious to me that the merger was a way of quietly shutting xAI down in a way that keeps investors happy. With it also being used as a vehicle to offload the Twitter debt to the public, he certainly has good accountants.
Yep - and in the meantime it's an asset of SpaceX to boost their IPO price, as long as this is done before people realize that xAI is apparently becoming a datacenter company not an AI one.
Then you've got SpaceX buying 1200 cybertrucks from Tesla, so it's serving as failure laundering vehicle for all his endeavors.
> it's serving as failure laundering vehicle for all his endeavors.
Which would be fine to me if Tesla wasn't a publicly traded company and SpaceX wasn't about to IPO. Whereas juicing companies in a way that affects the open stock market feels very inappropriate.
Elon Musk has been failing any minute now since like what? 2015
I didn't say he's failing at everything - SpaceX certainly seems a huge success. Telsa had been doing well, although sales are now declining fast, and the Cybertruck has been a failure. He massively overpaid for Twitter, ruined the site, then got X.ai to bail him out. X.ai seems like a failure - evidentially not enough demand to utilize the data center he built for it, and when have you seen anyone say they use Grok for anything ?
And now SpaceX investors are going to be left as the bag holders for X.ai/Twitter.
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Yeah his luck is annoying. But he stoped having any character and ethics. He literaly was with his Tesla in front of the White House and bought himself a seat next to a Clown.
But he also plays in areas were market disruption can't be done by many people at all.
But look Tesla: He did the cybertruck debakel. He tanked Tesla as a brand, he is burning money on xAI and Twitter, he destroyed a beloved brand Twitter. He did the boring company garbage.
The only thing this shows is some kind of masterclass between manipulation, public ignorance, luck, economy of high invest high risk and risk adverse industries.
Starlink doesn't scale very well which is a low margin business, especially when Amazon and the others are joining the club.
xAI is just a loss.
Twitter probably still a loss.
Tesla made a lot of money with co2 certificates. And a market were people were quite ignorant for a long.
Space-X he wants to push that to the death, without a real endplan. He now talks about Mars and Datacenter in space like there is any real business up their.
If only those people listened to your guidance!
Why would they spend 10B and potentially 60B in cursor if they were to shut xAI down? And I'm pretty sure Elon wants to have a model of his own, even if weaker, so it's "not woke".
The idea they're shutting down xAI is outrageously dumb and to me just sounds like FUD before the IPO
Yeah it's corporate subprime. Bundle a load of overpriced "assets" with made up valuations into something that's actually valuable, then shove it on the public markets so everyone has to buy it in their index trackers.
Not a merger, right, unless I missed something (admittedly skimming).