SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world.
SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world.
Is he just writing off the astronomical debt (pun intended) from xAI and X with this move?
He is also tying it to a company (SpaceX) that the US government relies on, so in the event one of the other basket cases drags everything else down he is trying to ensure he will get bailouts. Any sensible and non corrupt government would just require the dead bits cut off, but we know that isn’t what is in place right now.
That’s what this sounds like. I believe he did something similar by creating shares and transferring them between “X” the Twitter app, and xAI.