Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

14 comments

1. Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion. “xAI and X’s futures are intertwined,” Musk wrote in a post on X. “Today, we officially take the step to combine the data, models, compute, distribution and talent.”

2. I just bought an apple from myself, paid $100 for it. The apple I have is valued at $100.

3. Nothing to do with geopolitics..?

4. So basically he used investor’s money to unload his personal problem on someone else.

5. This is more convoluted than it has to be. To say that some company acquired the other when both companies are siblings owned by the same entity may technically be truthful, but the implication for valuations is more than doubtful. Elon could arbitrarily change valuation then by buying his own company over and over again. Today it’s $1, tomorrow $100 billion. In reality, it’s just a paper move.

6. No one cares about xAI. They’re not relevant.

7. So…some sort of money laundering going on. Or is he making room for Tiktok?

8. So he span Xai out from X. Valued Xai at twice the value of X.
   Then used Xai to absorb X back into combined X and somehow…profited?

   Is that correct?

9. So a huge increase in AI driven bot posts that all love Tesla. Got it.

10. Twitter is so nice Elon bought it twice

11. The deal stinks worse than rotting fish!

12. Where’s the guy with monocle when you need him

13. Bought Twitter for $44 Billion. Sold it to investors for $33 Billion. Congrats on flopping 👏

14. The entire point is to get Musk’s Tesla share removed as the collateral guarantee for the Twitter purchase.

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