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The 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
by Tuna-Fish 8mo ago
The 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 8mo 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 8mo 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 8mo 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?