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as i underestand it, xAI is essentially Elon's personal piggybank, and how he funnels money from his other companies back to himself. Tesla is public and Twitt
by notatoad 2y ago
as i underestand it, xAI is essentially Elon's personal piggybank, and how he funnels money from his other companies back to himself. Tesla is public and Twitter is co-owned by a whole bunch of other billionaires, but xAI is just Elon.
- manquer 2y agoTwitter owns some shares in xAI . This has made the value of twitter debt improve from 55-60 cents to as high as 90 cents on the dollar according to some reports. While other factors may be involved, that debt is shopped around assuming there are bankable assets in that DC and GPUs which are quite valuable even if the either company goes sideways.