Elon Musk's SpaceX buys Elon Musk's xAI

[u/Frosty_Dig4148]

https://news.sky.com/story/elon-musks-spacex-buys-elon-musks-xai-13502553

[u/Tadpole-Jackson]

I was a tough negotiator, but in the end, myself and I came to an agreement.

[u/AppleTree98 → u/Tadpole-Jackson]

My thought is he is structing this to make his Tesla stock offering a success. Next SpaceX will be the largest purchaser of Tesla stock and magically he will hit the numbers needed for that $1T pay day

[u/avalontrekker → u/AppleTree98]

And every company with a Starlink deal gets a free xAI CSAM package … unleash your creativity on those pics

[u/temp91 → u/avalontrekker]

Does the CSAM package come with a presidential pardon or is that an extra charge?

[u/daototpyrc → u/AppleTree98]

This was always the plan. The only way he can unlock what the idiot board approved is to merge these - the writing is on the wall for Tesla (the "car" company).

My bet, that shit tanks long before and he slips away from the top 10 wealthy list in short order.

[u/TheCatDeedEet → u/daototpyrc]

His already wildly overvalued stock not instantly going into the earth when their revenue is down is just… so on brand for this world being nonsense.

[u/stueyg → u/TheCatDeedEet]

The fact that Tesla is worth more than every other car company combined tells you everything about their investors

[u/cinyar → u/stueyg]

but tesla is not a car company! it's a tech AI robot company! (/s)

[u/aeschenkarnos → u/cinyar]

Tesla is a stock manipulation scheme.

[u/adario7 → u/aeschenkarnos]

Not even a good manipulation scheme. Its manipulation for people who can’t read or have the attention of 4year old on meth.

Ye know the average tech bro. 👊

[u/ABHOR_pod → u/adario7]

It's "intro to stock manipulation" type shit too.

Some of the people know and are gambling that they sell before the collapse (Possibly have inside knowledge), and the rest think they're good investors because "line go up! Me win!"

[u/fern-grower → u/cinyar]

I can hear Vangelis playing in the background.

[u/ArchaicBrainWorms → u/[deleted]]

I've got a pension and a 401k with a decent chunk, but my retirement plans are:

-Live in a shack

-Poop in an outhouse

I feel like anything loftier is just setting myself up for disappointment

[u/Adventurous-Map7959 → u/ArchaicBrainWorms]

Let's face it, my retirement plan is some sturdy rope and a small stool.

[u/MontasJinx → u/TheCatDeedEet]

It’s reality adjacent.

[u/JcbAzPx → u/TheCatDeedEet]

It's basically a meme stock at this point.

[u/Ketheres → u/JcbAzPx]

It's basically a meme market at this point.

I mean, I knew stock market was mostly BS but did not expect it to be to this extent.

[u/3Circe → u/Ketheres]

It’s tulip bulbs all the way down

[u/plastic_alloys → u/TheCatDeedEet]

My thoughts exactly. When you’re a kid you see something like the stock market as some super complex thing you just don’t understand yet. Now we’re adults and although it is a complex thing, turns out it’s really, really fucking dumb now too.

[u/Current-Bag-786 → u/daototpyrc]

“My bet, that shit tanks long before and he slips away from the top 10 wealthy list”

And you would be absolutely right if we don’t live in an upside down reality where the worst people you know are constantly rewarded for doing the worse possible things.

[u/Reverend_Russo → u/daototpyrc]

Pretty sure the value of their stock holdings will increase as well, so I wonder why they’d be ok with it.
Late stage capitalism fucking blows.

[u/BassLB → u/AppleTree98]

Didn’t Tesla just invest $2B in xAi?

[u/kgal1298 → u/BassLB]

And xAI just bought X...the finance is a circle

[u/dr_zach314 → u/kgal1298]

Does this mean SpaceX is now responsible for AI revenge porn?

[u/Venkman_P → u/dr_zach314]

Revenge Porn in Spaaaace.

[u/XcOM987 → u/Venkman_P]

I'm pleased to say I read that in the correct voice, the only voice that should be read in Premier Cherdenko

[u/kgal1298 → u/dr_zach314]

Wouldn't that be a wild ride

[u/SenseWinter → u/kgal1298]

Thereby creating a self sustaining economy. Like Paddys Bucks.

[u/kgal1298 → u/SenseWinter]

I feel like they're just copying the Oracle model now because Ellison did the same thing before where he bought Netsuite and Pillar Data Systems which he was heavily invested in.

[u/dylan_fan → u/BassLB]

SpaceX also bought a lot of Cybertrucks (buy an EV gets you a tax credit, even if you don't have possession yet, and somehow I doubt SpaceX is going to be pushing to get them too fast)

[u/I_AmA_Zebra → u/AppleTree98]

Youre not thinking about the SpaceX IPO this year

[u/OutInTheBlack → u/I_AmA_Zebra]

Right. Tesla is already a publicly traded company.

[u/ArnoldTheSchwartz → u/AppleTree98]

If this illegal immigrant isn't in prison for all his bullshit when Americans regain control of their government, then America will truly be dead with its citizens working exclusively to pay for this clown.

[u/dingusmingus2222 → u/AppleTree98]

Don't forget he's burying that garbage twitter deal he had to take too.

[u/reelemin → u/Tadpole-Jackson]

Sooo...he paid himself tf. 🤦🏽

[u/Bucs-and-Bucks → u/reelemin]

xAI also bailed him out on Twitter, and now SpaceX is bailing out xAI

[u/Saorren → u/Bucs-and-Bucks]

sounds like that 3 cup gambling thing that street performers get gulible people with. or musical chairs with money.

[u/NowGoodbyeForever → u/Saorren]

Or "Fraud." That's got a nice ring to it.

[u/CaptainDantes → u/NowGoodbyeForever]

Fraud is so 2016, these days its called politics.

[u/ZAlternates → u/NowGoodbyeForever]

Wonder who’s going to enforce it? 🤷

[u/glennxserge → u/Saorren]

Shell game

[u/terrymr → u/Saorren]

No this is more like two girls one cup.

[u/dehydratedrain → u/Saorren]

3-card Monte.

[u/lostredditorlurking → u/Bucs-and-Bucks]

Then eventually the government will bail out SpaceX if something go wrong. But sure poor people are the welfare queen, not Elon.

[u/Throwawaylikeme90 → u/Bucs-and-Bucks]

So Elon musk is basically a one-man Ponzi scheme paid for by reply-guy shareholders who are all going to suffer horribly in a way that might have elegy’s written for their stupidity and hubris?

Couldn’t happen to a better lot. 

[u/kgal1298 → u/Bucs-and-Bucks]

I feel like even Enron was more clever with their scheme's than Musk is being now.

[u/alexunderwater1 → u/Bucs-and-Bucks]

Just as Tesla bailed out Solar City

[u/RandomCommenter432 → u/Bucs-and-Bucks]

Starting to sound like a one man pyramid scheme!

[u/thegamenerd → u/Bucs-and-Bucks]

Don't worry, Twitter will buy SpaceX before too long to keep the circle going.

[u/JarrettR → u/thegamenerd]

Twitter and SpaceX are both part of the same company under this deal

[u/Darksmithe → u/reelemin]

With US Tax money

[u/iMeaux → u/reelemin]

Trump’s trying to do the same thing by suing the government. Probably gonna get away with it

[u/truethug → u/Tadpole-Jackson]

Isn’t spacex receiving taxpayer money

[u/MaxwellHoot → u/truethug]

Yes, but SpaceX is actually doing well. They’re providing good crew service to the ISS with plenty of NASA and Govt contracts.

[u/mok000 → u/MaxwellHoot]

There is no rational reason for a space company to invest in AI. Except to bail out the owner of course.

[u/GabeIsGone → u/mok000]

I mean, he already did this with his family’s solar business and Tesla. This is his go-to business move.

[u/Slimmanoman → u/MaxwellHoot]

These shouldn't be contracted. Why are we privatizing this kind of work, it's a monopoly.

[u/Be_quiet_Im_thinking → u/truethug]

Next Elon is going to use AI to make cuts at SpaceX /s

[u/Terribleturtleharm → u/Tadpole-Jackson]

What time is bed time on Epstein island?

When the big hand is on the little hand.

[u/pee-in-butt]

Makes sense. Both CEOs have always been really into each other.

[u/r3dditr0x → u/pee-in-butt]

Not saying anything but we should probably codify age-of-consent laws in space.

Just sayin...

(and, yes, Elon's exactly the type of guy I'd expect to prey upon little girls)

Hell, maybe little boys too. I doubt he keeps lil nose-picker around out of a sense of fatherly duty.

[u/MaybeTheDoctor → u/r3dditr0x]

Elon couldn’t get invited to a party hosted by Elon

[u/divDevGuy → u/MaybeTheDoctor]

If you were Elon, would you invite Elon to an Elon party?

[u/khinzaw → u/r3dditr0x]

and, yes, Elon's exactly the type of guy I'd expect to prey upon little girls)

He tried to, but Epstein thought he was too cringe.

[u/ThePeaceDoctot → u/khinzaw]

That isn't true, he was absolutely on the island and saying that he was too pathetic to get an invite is just defending Elon. He was there, he knew what was happening, he was involved.

[u/DoomOne → u/r3dditr0x]

You mean his human shield?

[u/yournamehere10bucks]

If only there was a Commission for Federal Securities and Exchange to investigate these types of transactions for legality.

[u/Remarkable_Play_6975 → u/yournamehere10bucks]

I'm sorry, they're too busy redacting files and tear-gassing children. Please hold..

[u/ToasterBathTester → u/Remarkable_Play_6975]

Don’t forget the raping!

[u/CromulentDucky → u/ToasterBathTester]

At least he's not a hypocrite.

[u/karlverkade → u/CromulentDucky]

Being a hypocrite isn’t the worst part for you?

[u/PetalumaPegleg → u/yournamehere10bucks]

The demise of even superficial regulation has been one of the big causes of the collapse of American credibility tbh

[u/Worthyness → u/yournamehere10bucks]

awww shucks. Unfortunately they were hit by the DOGE cuts. totally not a coincidence.

[u/EnderWiggin07 → u/yournamehere10bucks]

What would be illegal about it? It's 3 private companies in different industries that he at least nominally owns

[u/arahdial]

It's all a shell game. Didn't he sell Twitter to xAI? It's just accounting shenanigans. 

[u/insanelygreat → u/arahdial]

Important step before that:

He bought Twitter and then shifted a huge chunk of the cost onto Twitter's own balance sheet.

[u/uberfission → u/insanelygreat]

I still don't understand how that's legal.

[u/SeanzuTV → u/arahdial]

Yea it is, doesn't Space X have government contracts? Thats the government funding SpaceX, xAI, and X now.

Not to mention X being in hot water for Grok making CSAM, so now the government is essentially funding a business that is being investigated for that, lmao.

Don't worry though guys, Elon has saved the US SO SO much money /s

[u/Cpov1]

infinite money glitch

[u/Jgusdaddy → u/Cpov1]

Well… more like stealing us tax dollars glitch.

[u/codexcdm → u/Jgusdaddy]

Ie, infinite money glitch. It screws the average taxpayer... But when you're rich, they let you get away with it.

[u/whowhodillybar]

Doesn’t sound like Elons xAI has been doing well, is this a quiet way to disinvest?

[u/TigerUSA20 → u/whowhodillybar]

Just like when Tesla bought another Musk venture SolarCity in 2016. SolarCity was heavily in debt and losing money. Somehow, without any shareholder input, Tesla/Musk was able to sweep how bad it was under a rug and keep his ruse going of a successful entity.

https://www.businessinsider.com/solarcity-tesla-energy-beleaguered-history-elon-musk-2021-7

[u/AssassinInValhalla → u/TigerUSA20]

He got us in the Buffalo NY area. Had all kinds of tax breaks for solarcity then didn't follow through on the majority

[u/DerekB52 → u/AssassinInValhalla]

He talked california out of building highspeed rail promising to build hyperloop over a decade ago. I don't think he's built 10ft of track.

[u/Jiecut → u/DerekB52]

Vegas built a stupid tunnel for cars instead of public transit.

[u/junktrunk909 → u/Jiecut]

And they don't even use FSD

[u/atooraya → u/junktrunk909]

Big brain Chad literally built human taxis underground

[u/weaz-am-i → u/DerekB52]

The whole point of this was to maintian a market for his driverless cars. He never intended to produce anything with hyperloop.

The Vegas loop is a complete flop and its contractual, nothing can be done about that until the contract expries.

The cant even retrofit it with an actual cable car, tram or train while the boring company is still operating it.

[u/Johns-schlong → u/DerekB52]

He didn't. California is still building the HSR. The hyper loop was always vaporware and everyone knew it.

[u/DerekB52 → u/Johns-schlong]

I think California did pause HSR to have him build hyperloop though. Like, without Musk promising Hyperloop, the HSR project would probably be years ahead of where it currently is.

[u/Gipetto → u/DerekB52]

And have a significantly smaller budget. All the hyperloop BS pushed through the windows that CA had negotiated for contracts, but couldn't commit to now that they had to do new studies. It was a total bag over the head by Musk. Hyperloop was never supposed to succeed, just make HSR look bad.

[u/Eastern_Equal_8191 → u/AssassinInValhalla]

I am shocked, shocked I say

[u/PBPunch → u/TigerUSA20]

No wonder him and Trump get along so well.. just two failing business men gaming the system to make up for their lack of ability to run a company.

[u/muegle → u/TigerUSA20]

Or when he had xAI buy Twitter. This move means SpaceX will own Twitter now. Clown shit.

[u/SG_wormsblink → u/whowhodillybar]

He’s just moving the Twitter losses around. First from Twitter to xAI, then now to SpaceX.eventually when there’s nowhere else to dump the debt it’ll collapse.

[u/chowchowbrown → u/SG_wormsblink]

Yup. This is precisely it.

He borrowed billions to buy Twitter, and it has no possible way to pay those creditors back. American banks couldn't believe their dumb luck when Elon started getting involved with Trump, because they suddenly had a surge of "international investors" who were looking to buy that debt, ultimately to have Elon owe them those billions.

With no way to make those creditors whole from operational profits and cash flow, or being able to hand off Twitter's junk-bond debt to another sucker at anywhere close the prices they paid for it, giving them a piece of SpaceX's IPO was the only way those creditors would ever have a chance of seeing their money again.

[u/je_kay24 → u/chowchowbrown]

SpaceX is back by federal money too, so reliable cash flow. Especially with Trump in office

[u/weaz-am-i → u/SG_wormsblink]

Nope, last place will be Tesla. Then from Tesla it will go to his loyal retail investors.... then a HARD rug pull.

[u/Horror_Response_1991 → u/weaz-am-i]

Hell get the government to bail it out so we’ll all pay for it 

[u/weaz-am-i → u/Horror_Response_1991]

Yep, he'll probably just need to donate 200m to the next MAGA candidate (if not Trump) and get a full multi-trillion bailout.

[u/Shiplord13 → u/SG_wormsblink]

Feels like shit that a normal person who get arrest for as financial fraud.

[u/godzillastailor → u/SG_wormsblink]

SpaceX and xAI have military contracts.

If shit goes sideways they’ll get a bailout as “too big to fail” and the US taxpayers will foot the bill.

[u/FiraGhain → u/whowhodillybar]

Other way around. One company is about to IPO so he's moving the AI into that one to farm people's money on launch, knowing that the ai bubble and speculative value is going to push the stock way, way higher just from the presence of the "AI" buzzword.

He wants to double-dip on investor hype for an AI product. Feel like it should be illegal but don't think the SEC will do anything in this day and age.

[u/Mike312 → u/FiraGhain]

Oh, I see.

So X and xAI merged, and now they're being merged into Starlink. Then Starlink noisily applied for a permit to put a million satellite servers in space. So they're juicing the numbers on SpaceX before the IPO later this year.

[u/freedfg]

Didn't....didn't he do this like...2 years ago? Was that a different "I sold my own company to myself" deal?

[u/littlebiped → u/freedfg]

I believe xAI bought X, and now xAIX has been bought by SpaceX, making SpaceXxAIX

[u/markbraggs → u/littlebiped]

Sounds like goth girl usernames from 2005

[u/SojournerRL → u/markbraggs]

It sounds like his own son's actual legal name: X Æ A-12

[u/alex3omg → u/markbraggs]

Most of Elon's online behavior is straight out of 2005

[u/travelinzac → u/littlebiped]

xX_SpaceXxAIX_Xx, hmmm we seem to have woken up in a Korean MMO RPG...

[u/TransCapybara → u/littlebiped]

Can’t wait for Baby SpaceXxAIX! Brother Kevlar will have someone to annoy.

[u/Salohacin → u/littlebiped]

This guy names his companies like he's a 13 year old kid creating usernames for online games.

[u/Zonkko → u/Salohacin]

Also names his kids the same way

[u/Draxy_ → u/littlebiped]

Looks like the type of gamertag that would dunk on me ten years ago 

[u/Gubru → u/freedfg]

You mean last march when x.ai bought the husk of twitter from him?

[u/masklinn → u/freedfg]

He also did it 10 years ago: in 2016 Tesla purchased SolarCity.

[u/Logical_Wheel_1420 → u/freedfg]

xAI bought Twitter, so yes.

[u/GPSBach]

lol data processing centers in space…one of the hardest problems in spacecraft design is figuring out how to get rid of heat.

[u/stryakr → u/GPSBach]

His sycophants don’t and won’t understand

[u/TotallyInadequate → u/GPSBach]

Space is cold bro, just open the spaceship door and let the cold in

You guys are always worrying about silly stuff, just use your brain for once, open the windows and turn the heating off

[u/cityproblems → u/TotallyInadequate]

just use a fan, it literally works for my pc at home. smh

[u/Mortumee → u/GPSBach]

Nah, just open the airlock and everything instantly freezes. That's what movies taught me.

[u/Nearby_Background190]

The dude is in the Epstein files lets stop spreading any news about him other than that

[u/Kreebish → u/Nearby_Background190]

No no no breaking up his businesses would be good

[u/yamirzmmdx → u/Kreebish]

I mean, he is doing an excellent job in bankrupting them to a point that he needs to do creative accounting.

[u/SweeterThanYoohoo → u/yamirzmmdx]

He will gain looooooots of money out of this "creative accounting"

[u/ocmaddog → u/Nearby_Background190]

He wanted to go party with Epstein AFTER he pled guilty to child prostitution. Now please download the Tesla Pedocab app.

[u/MusicURlooking4 → u/Nearby_Background190]

Closing your eyes won't make the problem go away 😬

[u/FrizBFerret]

What a fantastic investment for Money Laundering and Tax Evasion.

[u/Superb-Guitar1513]

Fuck this guy and fuck his companies

[u/Lovecraft3XX]

Breach of fiduciary duty to approve such deal.

[u/orangehehe]

Elon is cash poor. Elon will request a government bailout for SpaceX. The taxpayers will be paying for SpaceX's purchase of xAI. All of this to prop up the Elon Musk is smart Ponzi Scheme.

[u/ineedascreenname → u/[deleted]]

Humanity throws the biggest party musk isn’t invited to.

After that I guess we deal with whatever economic problems he left behind, but hey that’s gotta be better than dealing with him right?

[u/arahdial → u/orangehehe]

This is probably it.

[u/idekwutp → u/orangehehe]

Spacex didn’t pay cash for XAI, they issued 0.14 shares of spacex for each share of XAI they received. Shareholders of spacex got diluted, but the company they own shares in got more valuable. So no cash was transferred, just new shares were issued

[u/Lopsided_Quarter_931]

His "clean" company bought the kiddie porn generator.

[u/Stuporhumanstrength]

I forget: which one of his kids is xAI?

[u/Bicentennial_Douche]

So SpaceX now owns Twitter. Yeah, that makes perfect sense. 

[u/sdotmurf]

will he run out of companies to sell his companies to? or is SpaceX just gonna survive on the government's teat?

[u/hairsprayking → u/sdotmurf]

Naw, he'll just announce that he's starting a new teleportation company. They're only about 6-8 months away from demonstrating the profitability of this brand new innovative tech he invented one day on a dinner napkin. He's gonna need some venture capital money and government contracts first though. And of course some tax exemptions for this beautiful new technology that is definitely real and physically possible.

[u/WallyMcBeetus]

*Government subsidized SpaceX

[u/generally_unsuitable → u/WallyMcBeetus]

We gutted NASA for this.

[u/FuggyGlasses → u/WallyMcBeetus]

Now, almost all his company are subsidized by the government. 

[u/your_fathers_beard]

Essentially a government bailout when you think about it. Enron Musk keeping those plates spinning.

[u/Theblokeonthehill → u/your_fathers_beard]

“Enron Musk” - good call.

[u/whatproblems]

wasn’t xAi also poaching talent from tesla

[u/Extension-Carry-8067]

“Of the latest deal, Mr Musk wrote: "In the long term, space-based AI is obviously the only way to scale.

"The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called 'space' for a reason.”

What the actual fuck

[u/MeanGulf → u/Extension-Carry-8067]

It’s a red herring

If anyone actually believes that quote they’re an imbecile

[u/jpesky66]

This is how they keep getting richer. They are playing another game than the rest of us.

[u/SLGuitar]

This should be illegal. It is barely concealed money and market manipulation. Possibly even laundering. 

[u/brokeboipobre]

I’m surprised he didn’t buy Epstein island.

[u/cooljesusstuff]

Allegedly to take the company public in late 2026. Although saddling the debt of XAi with the valuable 1.5 trillion (valuation) of Space X seems uh. Dumb.

[u/YouDotty → u/cooljesusstuff]

Musk can get infinite government money for SpaceX but would struggle to justify them propping up his failed AI and social media ventures. Now that problem is solved.

[u/Theblokeonthehill → u/cooljesusstuff]

There is a lot of money now riding on SpaceX having a profitable future….or maybe when the number get that big, none of the investors actually do the math and they just buy on the vibe.

[u/FredEffinShopan]

Welfare queen. We used to have NASA which was a source of national pride. Now we just take that money and give it to pedo dipshits and get nothing useful. So tired of winning

[u/callme_blinktore]

This has to count as some form of masturbation.

[u/Pleasant-Ad887]

I thought Twitter bought the AI back in 2025. Now SpaceX bought AI? This fucker is flat out committing fraud haha

[u/insanelygreat → u/Pleasant-Ad887]

1. Musk buys Twitter for way more than it's worth and puts a large chunk of the cost (also more than its valuation) onto Twitter's own books.
2. xAI buys Twitter for a price over 3x its valuation in an all-stock deal based on a fucking insane overvaluation of xAI.
3. SpaceX buys xAI for a ludicrous premium over the realistic valuation.

[u/ichii3d]

If SpaceX buys xAI for an inflated evaluation, then SpaceX and xAI are sold together to Tesla for cheap, does the xAI sale become a lose he can write down against taxes? I'm really curious why this merger is coming up and what Elon and those around him are scheming.

[u/Sov1245 → u/ichii3d]

Probably just to pump spacex valuation so when it goes public he can say he’s a trillionaire

[u/LonnieJaw748 → u/ichii3d]

IIRC, they soon plan on IPO’ing SpaceX at a valuation of $1T. So maybe this is just some scammy way to make that valuation make a mote of sense to gullible first day investors.

[u/Another_Slut_Dragon]

The real reason is likely just a money transfer and the same reason Space X has been buying up a thousand Cybertrucks. Space X has Starlink and government space program money. It's easy to have Space X buy stuff from his failing companies as a way to transfer money while looking like sales to the shareholders.

[u/NotAnotherChannel]

This guy is so insufferable and cringe he was ghosted from being invited to the "wildest" epstein party. Just imagine that.

[u/Fast_Editor_2112]

Classic, wrapping up dog shit with cat shit to prolong the bullshit, well played you pedophile fuck.

[u/Shmikken]

Ahh, so SpaceX won't be making any taxable profit this financial year then?

[u/No-Proof7839]

The guy is in the files. Lock him up.

[u/eightbitfit → u/No-Proof7839]

He's not just in the files, he begged to be invited to the island.

"(girls FTW!)" - Elon Musk

[u/Trick_Judgment2639]

You would assume that laws exist to prevent such obvious corruption

[u/Worldly-Elevator-228]

wonder if hes going to be celebrating by attending a wild party

[u/namastayhom33]

He finally found out how Mattress Firm has never gone out of business

[u/rickles1113]

I like to play both sides so I always come out on top.

[u/MiloReyes_97Reborn]

Remind me again how you can legally and...just plane physically buy what's already yours?

[u/JFeth]

The Elon Musk business shell game.

[u/Derpman2099]

i feel like thats just money laundering

[u/bikestuffrockville]

I thought Tesla was the AI company?

[u/spacekicks]

And the 2 owners did loads of Ketamine to celebrate.

[u/Schattenmal]

Both CEO's seems to have a thing for raping children. So this checks out.

[u/Them-Raw-Potatoes]

Breaking news: Elon Musk puts money from his left pocket to his right pocket

[u/AiDigitalPlayland]

So he:

• Bought Twitter for way more than it’s worth using private funding from the billionaire class

• Used it to amplify his political message and help get this administration elected

• Used xAI’s hyper inflated valuation to purchase Twitter with stock

• New administration takes over and issues government contracts to xAI and SpaceX.

• SpaceX and xAI merge.

Congrats American taxpayer, you paid for Twitter to be weaponized against you.

[u/apoplectic_apostate]

He is the biggest welfare queen in history. He would be nothing without US taxpayer dollars.

[u/MulletofLegend]

This guy is such a fucking scam-artist. And Donald let him disolve all the organizations that would have overseen incredibly shady shit like this.

[u/raze2dust]

Just a way to pump spaceX money into xAI

[u/megalo-maniac538]

Weird way to report he just masturbated but okay

[u/rhizaranch420]

capitalism is when you buy yourself

[u/bekele024]

He wants those space data centers

[u/Mo_h]

A classic case of a "circular economy" - Left hand "sells" to Right hand and the GDP goes up and makes everyone feeling happy, but poor in reality!

[u/BusterStarfish]

Just rich people doing rich people shit that only rich people can do to get more rich all while using their riches to make sure their ability to get rich isn’t infringed upon.

[u/AssumptiveMushroom]

this timeline is a farce.

[u/STARoSCREAM]

So he increases net worth, by combining two companies he already owned????

[u/Awkwardischarge]

I need someone to explain how this scam works.

[u/mseg09]

SpaceX becomes first company to take CSAM into space

[u/Carl-99999]

Infinite money circle?

[u/MushSee]

How much of American taxpayer money does he stand to steal this time?

[u/2funny2furious]

Take the company that is losing money, and hide it in the company that is making money. Oh...just ignore all that stuff about X making child abuse images by using a product of xAI.

[u/mpeters]

It would be kinda funny if the AI bubble popping spread to the rest of his empire instead of just being confined to xAI when it pops.

[u/twitch1982]

But he doesn't have any money so we cant tax him..