He buys twitter at an inflated valuation. Runs it to the ground to a much lower valuation of $9B. [1] Then, his company Xai buys Twitter at a $33B, inflating the valuation up. Then SpaceX merges with Xai for no particular reason, but is expected to IPO at a $1T+ in the upcoming years. [3]

I’m not that smart, but if I were, I would be thinking this is an extended way to move the losses from the Twitter purchase on to the public markets.

[1] https://www.axios.com/2023/12/31/elon-musks-x-fidelity-valua...

[2] https://www.reuters.com/markets/deals/musks-xai-buys-social-...

[3] https://www.cnbc.com/amp/2026/02/02/elon-musk-spacex-xai-ipo...

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SilverElfin 6 hours ago | parent [-]

It also makes it impossible for Twitter/X to die, as it deserves. It is by far the most toxic mainstream social network. It has an overwhelming amount of far right supremacist content. So bad that it literally resulted in Vivek Ramaswamy, a gubernatorial candidate in Ohio, to quit Twitter/X - nearly 100% of replies to his posts were from far right racists.

Obviously advertisers have not been fans. And it is a dying business. But rather than it dying, Elon has found a clever (and probably illegal) way to make it so that SpaceX, which has national security importance, is going to prop up Twitter/X. Now our taxpayer dollars are paying for this outrageous social network to exist.

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taurath 5 hours ago | parent | next [-]

I find HN and the tech circles to be one of the main community pillars holding up X. None of my social friends use it anymore, but links absolutely abound here, and it seems like the standard line is to pretend Elon, Grok, all the one button revenge and child porn etc don’t exist. I truly can’t fathom the amount of not thinking about it it would take to keep using the platform.

	▲	tasty_freeze 3 hours ago \| parent \| next [-]
		I have a blocker set up in my browser to prevent accidental clicks and sending any traffic to them when I'm not careful to check a given HN link to a posting. I've never had an account there (nor any of the popular social media networks) but I don't want to send even my few clicks their way.
	▲	IhateAI 5 hours ago \| parent \| prev [-]
		Just use lists, "Your Followers" tab and never touch the "For You" tab and its basically the same as Twitter was 5 years ago.

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RIMR 6 hours ago | parent | prev [-]

I am with you 100%.

It was easy to support SpaceX, despite the racist/sexist/authoritarian views of its owner, because he kept that nonsense out of the conversation.

X is not the same. Elon is actively spewing his ultraconservative views on that site.

Now that these are the same company, there's no separation. SpaceX is part of Musk's political mission now. No matter how cool the tech, I cannot morally support this company, and I hope, for the sake of society, it fails.

This announcement, right after the reveal that Elon Musk reached out to Jeffrey Epstein and tried to book a trip to Little St. James so that he could party with "girls", really doesn't bode well.

It's a shame you can't vote these people out, because I loved places like Twitter, and businesses like SpaceX and Tesla, but Elon Musk is a fascist who uses his power and influence to attack some of the most important pillars of our society.

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jfreds 5 hours ago | parent | next [-]

You kinda can, just don’t make a Twitter account, don’t buy teslas, don’t use grok. Tell your friends

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tasty_freeze 3 hours ago | parent | prev [-]

> X is not the same. Elon is actively spewing his ultraconservative views on that site.

I wonder if Musk would be willing to let a journalist do a deep dive on all internal communications in the same way he did when he took over twitter.

	▲	b40d-48b2-979e 29 minutes ago \| parent [-]
		That was not a journalist.