When you look at Musk's portfolio there was a point where things were looking shaky. He'd massively overpaid for X, Tesla performance was struggling and had huge head winds partly because he had needed to come up with money for the acquisition. It was really quite funny watching those bankers get their faces ripped off on the debt financing.
But then Musk did what he's done repeatedly before - shuffled around money to bail out one of his bad bets. Just like Tesla saved Solarcity.
Today, let's just say that X is worthless. It doesn't matter, they bailed out the investors with the xAI move anyway. It doesn't matter, xAI gets bubble valuation- raised a 20bn round, and burns cash in a way that X just never would. It's looking highly likely they can roll up xAI and Tesla to essentially bail out Tesla (and in the process give Musk the control of Tesla he wants). And even if that side of operations fall through entirely, he's got SpaceX/Starlink which would on it's own make him a multi-billonaire.
Money is just not an important factor when it comes to X, what is important is his ability to push his political agenda and he literally has congresspeople saying they would punish Britain if it enforces it's regulations on X.
That article is from 1 week before xAI merged with X at a valuation that essentially just bailed out the original investors but because the companies are private there’s no legal reason the deal had to be economical.
When you look at Musk's portfolio there was a point where things were looking shaky. He'd massively overpaid for X, Tesla performance was struggling and had huge head winds partly because he had needed to come up with money for the acquisition. It was really quite funny watching those bankers get their faces ripped off on the debt financing.
But then Musk did what he's done repeatedly before - shuffled around money to bail out one of his bad bets. Just like Tesla saved Solarcity.
Today, let's just say that X is worthless. It doesn't matter, they bailed out the investors with the xAI move anyway. It doesn't matter, xAI gets bubble valuation- raised a 20bn round, and burns cash in a way that X just never would. It's looking highly likely they can roll up xAI and Tesla to essentially bail out Tesla (and in the process give Musk the control of Tesla he wants). And even if that side of operations fall through entirely, he's got SpaceX/Starlink which would on it's own make him a multi-billonaire.
Money is just not an important factor when it comes to X, what is important is his ability to push his political agenda and he literally has congresspeople saying they would punish Britain if it enforces it's regulations on X.
>Today, let's just say that X is worthless
Sure you could, but you'd be wrong. It was worth $44bn as of 9 months ago.
https://techcrunch.com/2025/03/19/elon-musks-x-reportedly-bo...
That article is from 1 week before xAI merged with X at a valuation that essentially just bailed out the original investors but because the companies are private there’s no legal reason the deal had to be economical.
And completing the financial circle jerk is all the same investors in the latest X.ai round.
Good