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The $300M "in cash and xAI equity" could turn out to not be that much money, depending on what percentage of that was equity. xAI recently raised at an $80B va
by dcchambers 1y ago
The $300M "in cash and xAI equity" could turn out to not be that much money, depending on what percentage of that was equity.
xAI recently raised at an $80B valuation and it's highly debatable if it's actually worth that...and who knows if you'd ever actually have a liquidation event.
- fragmede 1y agoHow do you want to define liquidation event? SpaceX employees are getting rich despite no IPO in sight.
- dcchambers 1y agoFair enough. I'm not at all familiar with SpaceX's comp but I assume they do private liquidity events/stock sales for their employees. Who knows if X/xAI will do something similar, and if outside equity holders are subject to those same rules. Far above my pay grade to figure that out.