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Yep, it's all just a shell game. He used xAI to move the Twitter debt so it couldn't be taken away for failure to pay debts. He's already been using SpaceX to b

by burnte 9mo ago

Yep, it's all just a shell game. He used xAI to move the Twitter debt so it couldn't be taken away for failure to pay debts. He's already been using SpaceX to buy Cybertrucks to prop ups sales and Tesla. Using SpaceX to generate revenue to pay off the xAI debts is just another step in the shell game.

timy2shoes 9mo ago
> He used xAI to move the Twitter debt so it couldn't be taken away for failure to pay debts. Exactly. I think it was obvious he was shifting the debt around when xAI merged w/ X right after xAI raised a large funding round and had cash in the bank (which it could use to pay down the X debt).
slowmovintarget 9mo ago
What debt? Most of the money to buy Twitter came from investors. They were not loans.
- burnte 9mo ago
  He took out $13 billion in loans.
  - tick_tock_tick 9mo ago
    He's not even vaguely close to getting margin called.
    - burnte 9mo ago
      Not now, no, he shuffled it around. He was quite close beforehand, however.