Discussion

• @kostyack John Kostyack on bluesky

  With his acquisition of X by xAI yesterday, Elon established that his Twitter purchase in 2022 resulted in $11B in lost value.  It also gave us another reminder that Elon's niche on AI is training his models on all that deeply informative X content. www.theverge.com/news/638933/ …

• @nikostratis.com Niko Stratis on bluesky

  me moving 10 dollars from my savings to my chequing so the doordash order doesn't get cancelled

• @reckless Nilay Patel on bluesky

  next level self-dealing here www.theverge.com/news/638933/ ...

• @grackle.space Nathan Edwards on bluesky

  Patiently explaining to the bank that I value my house at ten million dollars, and that based on that valuation, I have issued myself more than enough stock to pay off my mortgage.  So they actually owe ME money.  —  www.theverge.com/news/638933/ ...

• @lino.io Lino on bluesky

  Why would he do that?  Because the loans for the purchase have tesla stock as collateral, which is not performing too well.  Probably he wants to avoid being the next Bill Hwang.  Let's see how that works out.  —  www.nytimes.com/2025/03/28/t...

• @lorak Lora Kolodny on bluesky

  Saw it comin' from a mile away.  But still.  Elon Musk merged xAI with X (formerly Twitter).  He really really really wants this thing to be bigger than OpenAI / ChatGPT. www.cnbc.com/2025/03/28/e...

• @radiodeadair.com Nash on bluesky

  This is essentially shuffling chairs.  —  1) The $12 billion in loans is no longer his personal debt, and  —  2) Anyone who invested in “xAI” is now on the hook for Twitter  —  Musk has been playing these kind of games since Solar City.  (Remember that scam?)  —  He's always been…

• @laurengoode Lauren Goode on bluesky

  “xAI Aquires X” sounds like a headline that made its way out of the CMS before it was supposed to publish (this is a journalism joke) but read here —> www.wired.com/story/xai-x-... via @zoeschiffer.bsky.social @lmatsakis.bsky.social

• @petertl Peter Thal Larsen on bluesky

  I have so many questions about this.  The main one being: wasn't xAI, which is now apparently worth $80bn, originally part of X?  So he spun it out to himself and now is using it to buy back the remaining business, mostly from himself.  [image]

• @malwaretech.com Marcus Hutchins on bluesky

  So he's essentially bought his own company from himself using imaginary value in his other company, and because X has a valuation of $45bn based also on vibes, the vibes get combined, making xAI now worth $80bn in total valuation.  Despite Neither X nor xAI being objectively wort…

• @malwaretech.com Marcus Hutchins on bluesky

  This is actually hilarious.  When you run a private company, its valuation is based on how much investors think it's worth (so basically just vibes).  In an all-stock purchase no money changes hands, you just give investors in the old company stock in the new one 1/2  —  www.reut…

• @rmac Ryan Mac on bluesky

  Musk and his bankers have been trumpeting a turnaround at X since at least the start of the year.  There may be reasons for that, namely Musk's proximity to Trump.  But this “deal” signals that the company was nowhere near its $44b valuation. www.ft.com/content/d461...

• @rmac Ryan Mac on bluesky

  I also sold my 2008 Honda accord to myself for $1 million www.nytimes.com/2025/03/28/t...

• @mgsiegler.com M.G. Siegler on bluesky

  Four months ago.  Five months ago.  Seven months ago... spyglass.org [embedded post]

• @ivanthek @ivanthek on bluesky

  Seems to me that the “value” is an arbitrary number, assuming the equity ownership of xAI is in the same proportions as was the ownership of X.  [image]

• @caseynewton Casey Newton on bluesky

  It has long been clear that this was X's final destination ... as the data generation arm of a slop factory [embedded post]

• @peark.es George Pearkes on bluesky

  Elon has wiped out his co-investors and rolled into the next Ponzi asset.  [image]

• @spencercallaghan.ca Spencer Callaghan on bluesky

  Elon admitting he has pissed away at least $11B in Twitter's value (and you know he valued it as high as he could get away with) [embedded post]

• @michaelmartinez.co Michael Martinez on bluesky

  This is a Friday night news dump if I ever saw one.  [embedded post]

• @supermickychow Unstable Mabel on bluesky

  I saw someone post a Human Centipede meme in relation to nvidia earlier, but it's equally applicable here too  —  Dude is just ponzi-ing the fuck out of all his companies.  [embedded post]

• @danny.page Danny Page on bluesky

  lol there's no way those numbers make actual sense, it's a shame the SEC is turning a blind eye to outright fraud [embedded post]

• @beartromboneparrot @beartromboneparrot on bluesky

  Enron level funny business

• @alexhcranz Alex Cranz on threads

  with the new Musk merger he's now on the clock to get the latest X an IPO.  Tesla's in trouble and he's going to need a replacement explosively overvalued stock as his primary wealth. but that clunker coreweave IPO suggests it will be awhile.

• @edmundlee Ed Lee on threads

  Another way to look at it: xAI took on another $12 billion in debt.  Plus, everything posted to this platform is now officially a part of xAI's data trove, but do users get to opt out?

• @edmundlee Ed Lee on threads

  Overheard: “So this is from the ‘I now call blue, red, and purple is a cookie’ theory of financial transactions”

• @kalihays1 Kali Hays on threads

  When I covered distressed debt a deal like this, by that i mean one that was actually between two separate entities (ppl hired to work at xai actually were hired through x), would have been considered a classic example of a distressed transaction .

• @sung.kim.mw Sung Kim on threads

  Let me get this straight — Elon Musk creates xAI, somehow boosts its valuation to $80 billion, and then uses xAI to fully reimburse himself for the purchase of X?  I guess there really is a sucker born everyday. …

• @karaswisher Kara Swisher on threads

  Oh good lord  —  RE: https://www.threads.net/...

• @quillmatiq Anuj Ahooja on threads

  Elon Musk has stated on the Elon Musk platform that Elon Musk has acquired Elon Musk because Elon Musk together can be more hardcore than Elon Musk alone  —  RE: https://www.threads.net/...

• @lindayax Linda Yaccarino on x

  .@X + @xAI The future could not be brighter ✨

• @adamscochran Adam Cochran on x

  In other words, Musk used his pumped up xAI stock to pay multiple times over value for X, but still take an $11B loss on the transaction, while screwing over xAI investors, and X investors and to sell your data to his own AI company.  Also Grok at $80B is an insanely dumb valuati…

• @munster_gene Gene Munster on x

  We're investors in xAI and X, and this combo makes a lot of sense. Grok brings the brains. X brings the distribution (600M MAUs) and a unique data asset. OpenAI has the brains and brand distribution (e.g., Apple), but lacks X's proprietary data. Long-term edge: xAI.

• @rashidlasker Rashid Lasker on x

  this guy bought twitter twice 💀

• @chamath Chamath Palihapitiya on x

  Wow.  The currently best ranked consumer AI model has just acquired the most complete corpus of scaled, real time information on the Internet.  This data will be a part of the pretraining to make the models xAI makes even more differentiated.  This is a smart move in a moment whe…

• @apompliano Anthony Pompliano on x

  X and xAI just announced a merger in all stock deal. The data race is only starting.

• @austin_rief Austin Rief on x

  If Elon pulls this off and builds a true competitor to OpenAI, it may be his most impressive feat yet.

• @garymarcus Gary Marcus on x

  This feels like profound news: Like it or not, everything you have ever posted here - and maybe your DMs and maybe your click history - will now potentially go towards training x.ai. there may well be no way to opt out.

• @teslaconomics @teslaconomics on x

  I still believe Elon Musk when he said “I will make sure Tesla shareholders benefit from Twitter long-term.” As of now, xAI acquiring 𝕏 benefits $TSLA investors bc the risk is drastically reduced of Elon having to sell Tesla stock to cover 𝕏's operation and $12B debt. IMO, next […

• @kyliebytes Kylie Robison on x

  > X owns 25% of xAI > xAI buys X [image]

• @levynews Ari Levy on x

  In addition to Musk, these firms are investors in xAI and X, so they're combining their stakes: - Andreessen Horowitz - Sequoia - Fidelity - Saudi Arabia's Kingdom Holding - Vy

• @luke_metro @luke_metro on x

  [image]

• @kimmonismus @kimmonismus on x

  xAI valuation even higher than Anthropic xAI has received a rating of $80b. Don't forget: xAI is only a few years old! It's crazy how from virtually nothing an AI company has been built that can compete with the other established AI companies in terms of valuation - like

• @daveg David Galbraith on x

  If you thought ‘you are the product’ with Google ads, with https://x.com/ you are now like a human battery in the Matrix.

• @pkafka Peter Kafka on x

  The 2022 Elon Twitter investor pitch: “this company is run by morons but once I own it revenue will skyrocket.” The revised pitch: “If you own some of this you'll also get to own some of my AI company, which is what you really want.” [image]

• @fredericlambert Fred Lambert on x

  Well, this explains how X's bank valuation went so quickly from ~$12B in 2024 back to ~$44B last month.  Musk had made the xAI offer, increasing the valuation.  Between SolarCity, his Tesla CEO compensation plan, and this, Musk is a master of negotiating with himself.

• @mrewanmorrison Ewan Morrison on x

  This may very well be the end of X, unless there is an opt out. XAI has just acquired X.

• @nearlydaniel Daniel on x

  Several years ago, I had the privilege to step in and help out with the Twitter -> X acquisition (lots of fun late nights) Now, working at @xai, I am excited to, once again, help acquire @x 😛 (lots of fun late nights) We're cooking some awesome features - stay tuned!❤️

• @sawyermerritt Sawyer Merritt on x

  This deal is good news for $TSLA investors because it lowers the risk that Elon potentially might have had to sell Tesla stock at any point in the future to cover X's $12 billion debt.

• @devahaz Deva Hazarika on x

  So does that mean X shareholders now own 33/113 = 29% of the combined entity? But before the merger they owned 100% of X which owned 25% of xAI?

• @bindureddy Bindu Reddy on x

  xAI and X have merged to become one company... Twitter has transformed into an AI company! Good plan though... X will now have access to trillions 😀

• @quantian1 @quantian1 on x

  Well that's certainly one way to eliminate the circular financing issues, but perhaps not the one XAI investors would like...

• @danprimack Dan Primack on x

  Per source: Combined company would be valued at xAI plus X (i.e., the $80b for xAI is not inclusive) absent some small adjustments. https://www.axios.com/...

• @adamscochran Adam Cochran on x

  This lawsuit just got a whole lot spicer though, as now he has opened up his AI entity to exposure here too and it's a much bigger pie

• @amitisinvesting Amit on x

  @TheRealNThony This actually makes a ton of sense...xAI feeds off all the X data anyway X as an independent platform is hard to monetize xAI has much more potential so now they just encompass all the data/users from X

• @bilawalsidhu Bilawal Sidhu on x

  My take on xAI acquiring X — why & why now: 1. Mature xAI's Tech Stack First xAI wasn't ready in 2023. It needed time to: → Build Grok as a credible ChatGPT rival → Assemble top-tier talent from OpenAI, DeepMind, Tesla Waiting let xAI become valuable before merging. 2.

• @kgreifeld Katie Greifeld on x

  and they say M&A is dead

• @mikeisaac Rat King on x

  alt head: cash-suck business propped up by rabid AI investment fervor absorbs other weak business that was valued at a fraction of its acquisition price until the owner became defacto POTUS numbers are all basically made up by investors who are desperate to get in the rounds

• @rga @rga on x

  Friday at 6 PM... universally recognized as the best time to drop news about your thing that is definitely above board and that you are proud of and happy to answer questions about

• @stanphylcap @stanphylcap on x

  “Congratulations,” xAi “investors”! You just bailed out one of the most egregiously overpriced transactions in history!

• @mgsiegler M.G. Siegler on x

  Almost exactly four months ago... https://spyglass.org/... [image]

• @scobleizer Robert Scoble on x

  X and https://x.ai/ merge. Now will Grok read my lists?

• @elonmusk Elon Musk on x

  @xAI has acquired @X in an all-stock transaction.  The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).  Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unpreced…

• r/technology r on reddit

  X sold to Xai

• r/Hasan_Piker r on reddit

  Elon Musk bails himself out

• r/elonmusk r on reddit

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

• r/musked r on reddit

  NBC News: Elon Musk's AI startup acquires X in deal that values social media platform at $33 billion

• r/NewsOfTheStupid r on reddit

  Musk's xAI buys social media platform X for $45 billion

• r/worldnews r on reddit

  Elon Musk's AI startup acquires X in deal that values social media platform at $33 billion

• r/ArtificialInteligence r on reddit

  says xAI has acquired X, in deal valuing X at $33 billion

• r/economy r on reddit

  Elon Musk says xAI has acquired X, in deal valuing X at $33 billion

• r/stupidpol r on reddit

  Musk's xAI buys social media platform X for $45 billion

• r/economy r on reddit

  Elon Musk Says He Has Sold X to xAI

• r/teslainvestorsclub r on reddit

  Musk's xAI buys social media platform X for $45 billion

• r/news r on reddit

  Elon Musk's xAI buys social media platform X for $45 billion

• @aflyman Flyman on bluesky

  Including debt, valued at more than $1

• @chickenpuppet.online @chickenpuppet.online on bluesky

  I think there might be something wrong with the economy if a company whose only customer is itself is worth 100 billion [embedded post]

• @meghanbobrowsky Meghan Bobrowsky on x

  Some details from our xAI/X story: -All shares of X & xAI will be exchanged for shares in a new holding company, named xAI Holdings Corp. -Executives at the companies, which share personnel, believe it will be easier to raise money for the combined businesses under xAI. [image]

• @gerberkawasaki Ross Gerber on x

  Bloomberg is reporting Xai has acquired X in an all stock transaction at its full original value. Huge win for X shareholders.

• @katie_roof Katie Roof on x

  New details on the xAI & X merger! Source tells me there is a new parent company called XAI Holdings, valuing combined businesses above $100 billion. The recent X round closed prior to the sale. https://www.bloomberg.com/...

• @meghanbobrowsky Meghan Bobrowsky on x

  How was xAI's $80 billion valuation and X's $33 billion valuation determined? The numbers were reached following negotiations between the two Musk arms—which both had the same advisers. [image]

• @katie_roof Katie Roof on x

  The xAI subsidiary is now valued at $80 billion and the equity value of X is $33 billion, not including the $12B debt. Because X owned part of Xai already, 80 + 33 is not the correct valuation number for the parent company, but it's still above $100b.

• r/Asmongold r on reddit

  Isn't this fraud?  You guys get that this is how he's paying for his horrible X investment right?  Sell xAI contracts to the gov (aka taxpayers). …

• r/Hasan_Piker r on reddit

  Isn't this fraud?  You guys get that this is how he's paying for his horrible X investment right?  Sell xAI contracts to the gov (aka taxpayers). …

• r/50501 r on reddit

  Tesla : It's Down, Not Dead!  On March 29, We Finish What We Started.

• r/50501 r on reddit

  It's Down, Not Dead!  On March 29, We Finish What We Started.

• r/LocalLLaMA r on reddit

  Musk's xAI buys Musk's X social media platform for $33 billion

• r/Twitter r on reddit

  Elon Musk Says He Has Sold X to xAI

• r/StocksAndTrading r on reddit

  Musk's xAI buys social media platform X for $45 billion

• r/EnoughMuskSpam r on reddit

  Musk's xAI buys social media platform X for $45 billion

• r/Economics r on reddit

  Musk Says That His xAI Startup Has Acquired X for $33 Billion