| ▲ | andsoitis 8 hours ago |
| > Well surely this acquisition is above board. What makes you think it isn’t? |
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| ▲ | fabian2k 8 hours ago | parent | next [-] |
| There's an epic conflict of interest here with Musk owning most of both companies. And they're in entirely separate fields, there is no plausible synergy here to be gained. |
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| ▲ | bko 8 hours ago | parent | next [-] | | How can you have a conflict of interest if they're entirely separate fields? They have different interests, so where's the conflict? You don't need synergies to justify a merger. They're often used as justification as in paying well above market price. But it has nothing to do with actual justification. You can just have a holding company of businesses | | |
| ▲ | shawabawa3 8 hours ago | parent [-] | | The conflict of interests here is the conflict between musks interests and the other shareholders interests |
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| ▲ | jaccola 8 hours ago | parent | prev | next [-] | | Yeah but who can be hurt by this, these are both private companies? So whose interest is his "conflicting" with? I'm sure the shareholders will raise it with him and/or bring a lawsuit if they aren't happy (they probably are happy). | |
| ▲ | spullara 8 hours ago | parent | prev | next [-] | | he is literally going to launch datacenters into space to train ai so they are a little related edit: these replies aren't going to age well | | |
| ▲ | fabian2k 8 hours ago | parent | next [-] | | Yeah, I'm not buying that. I don't see how that could be any cheaper than regular datacenters. It might just be technically feasible, but launching stuff into space will always be more expensive than not launching stuff into space. And all those pesky technical issues like cooling might be solvable, but I doubt they're that cheap to solve. | |
| ▲ | kelseyfrog 8 hours ago | parent | prev | next [-] | | You're right, but in this sense: literally (adverb) informal : in effect : virtually Used in an exaggerated way to emphasize a statement or description that is not literally true or possible. Ex: I literally died of embarrassment. | |
| ▲ | afavour 8 hours ago | parent | prev | next [-] | | He says he is going to launch data centers in space. We should all know better than to take him at his word on that by now. | |
| ▲ | relaxing 8 hours ago | parent | prev | next [-] | | No he is not. It makes no sense from a physics standpoint or an economic standpoint. And even if they were, it wouldn’t require whatever this acquisition is. | |
| ▲ | brendoelfrendo 8 hours ago | parent | prev [-] | | No, he's not. And if he does, he's as big of an idiot as his detractors say that he is. |
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| ▲ | spiderice 8 hours ago | parent | prev [-] | | Oh man, I sure hope he disclosed that |
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| ▲ | wongarsu 8 hours ago | parent | prev | next [-] |
| Musk has a history of having one of his more successful companies buying one of his less successful companies. xAI bought X, and Tesla bought SolarCity |
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| ▲ | AceJohnny2 8 hours ago | parent | prev | next [-] |
| Musk is notorious for shuffling assets across his companies to make some financials look better. For example, shuffling Twitter servers (and then all of Twitter) under xAI. |
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| ▲ | FireBeyond an hour ago | parent | prev | next [-] |
| And hey, look at that, pure coincidence, Tesla just gave xAI $2B! Now it's back in Musk's private pockets! How handy! |
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| ▲ | postflopclarity 8 hours ago | parent | prev | next [-] |
| lol |
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| ▲ | gspr 8 hours ago | parent | prev | next [-] |
| Musk's involvement for one. |
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| ▲ | tokyobreakfast 8 hours ago | parent | prev [-] |
| It's just "Elon zomg lulz" trolling for updoots. This place pretends to know better. |
