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They both are privately held by the same owner! So, with whom are they talking? :-)
by mandeepj 9mo ago
They both are privately held by the same owner! So, with whom are they talking? :-)
- hex4def6 9mo agoTwo socks and two sets of googly eyes are required for this exercise. Attach googly eyes to socks. Insert hands in socks.
- lenerdenator 9mo agoNow I'm imagining Musk in a k-hole just staring at his hands in sock puppets for hours.
- RIMR 9mo agoIs this an actual question? Because it seems kinda obvious that one person can have a majority stake in two companies without those companies being the same company. The better question is whether or not this merger makes any sense.
- dugidugout 9mo agoI'd be quick to assume the ":-)" in this context indicates it is not an actual question.
- kwanbix 9mo agoMusk writes a letter from his ceo@spacex.com email and he reads it from his ceo@xai.com account. And viceversa.
- Tuna-Fish 9mo agoThe lawyers are the ones talking, and they have to come up with a fair valuation. If SpaceX pays too much for it, other SpaceX shareholders have a case against SpaceX leadership. If xAI accepts an offer that is too low, other xAI shareholders have a case against xAI leadership. Given that the leadership is basically the same people, they are very well incentivized to come up with a valuation that is as fair as possible. And this is not just theoretical, Musk has already been sued successfully once on a similar case, when his companies gave out too much free support to the boring company.
- edmundsauto 9mo agoOtoh, he is clearly impulsive and doesn’t think the rules apply to him. I am guessing, if one approach benefits him personally the most, there will be enormous pressure to achieve that outcome.
- CamperBob2 9mo agoOtoh, he is clearly impulsive and doesn’t think the rules apply to him. They don't, so why shouldn't he think that way?
- a_t48 9mo agoTesla engineers being lent out right after the Twitter buyout to eval the codebase was one of many reasons I won’t work there. So unserious.
- fragmede 8mo agoThere are many valid complaints, but why is engineers working not a serious thing?
- a_t48 8mo agoIt’s “unserious” in the sense that it’s undisciplined. Don’t those engineers have things to do at Tesla, rather than going to poke around at a social media website codebase? If I were a Tesla shareholder I’d be pretty annoyed - how is doing so advancing making a better car?
- ortusdux 9mo agoI was imagining a boardroom reenactment of Geri's Game https://en.wikipedia.org/wiki/Geri%27s_Game https://en.wikipedia.org/wiki/Geri%27s_Game
- limagnolia 9mo agoMusk is the majority owner, but he is not the only owner. So the discussion is probably amongst senior leadership from both companies and probably involves other significant owners.
- deleted 9mo ago[deleted]
- mwigdahl 9mo ago"Have your Grok call my Grok!"
- georgeecollins 9mo agoBut they don't have all the same owners. If I own company 2/3 of company A and it is worth $0, and I own 2/3 of company B I can't force company B to buy company A for $1. The company B shareholders will be upset and could sue. Maybe this is a good deal for shareholders of SpaceX and xAI. But then maybe it isn't a good deal for one set of shareholders. I have no idea, but I would love to be a shareholder in SpaceX and would not want to be a shareholer in xAI. Totally depends on the price of course.
- spwa4 9mo ago> Maybe this is a good deal for shareholders of SpaceX and xAI. Yeah they would totally be doing this if they weren't in dire, desperate need of more money ... pinky promise.
- NedF 9mo ago[dead]
- throwaway_23545 9mo agoElon talking to Musk.