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> Well surely this acquisition is above board. What makes you think it isn’t?
by andsoitis 9mo ago
> Well surely this acquisition is above board.
What makes you think it isn’t?
- postflopclarity 9mo agolol
- tokyobreakfast 9mo agoIt's just "Elon zomg lulz" trolling for updoots. This place pretends to know better.
- fabian2k 9mo agoThere's an epic conflict of interest here with Musk owning most of both companies. And they're in entirely separate fields, there is no plausible synergy here to be gained.
- spullara 9mo agohe is literally going to launch datacenters into space to train ai so they are a little related edit: these replies aren't going to age well
- brendoelfrendo 9mo agoNo, he's not. And if he does, he's as big of an idiot as his detractors say that he is.
- relaxing 9mo agoNo he is not. It makes no sense from a physics standpoint or an economic standpoint. And even if they were, it wouldn’t require whatever this acquisition is.
- fabian2k 9mo agoYeah, I'm not buying that. I don't see how that could be any cheaper than regular datacenters. It might just be technically feasible, but launching stuff into space will always be more expensive than not launching stuff into space. And all those pesky technical issues like cooling might be solvable, but I doubt they're that cheap to solve.
- afavour 9mo agoHe says he is going to launch data centers in space. We should all know better than to take him at his word on that by now.
- kelseyfrog 9mo agoYou're right, but in this sense: literally (adverb) informal : in effect : virtually Used in an exaggerated way to emphasize a statement or description that is not literally true or possible. Ex: I literally died of embarrassment.
- jaccola 9mo agoYeah but who can be hurt by this, these are both private companies? So whose interest is his "conflicting" with? I'm sure the shareholders will raise it with him and/or bring a lawsuit if they aren't happy (they probably are happy).
- spiderice 9mo agoOh man, I sure hope he disclosed that
- bko 9mo agoHow can you have a conflict of interest if they're entirely separate fields? They have different interests, so where's the conflict? You don't need synergies to justify a merger. They're often used as justification as in paying well above market price. But it has nothing to do with actual justification. You can just have a holding company of businesses
- shawabawa3 9mo agoThe conflict of interests here is the conflict between musks interests and the other shareholders interests
- AceJohnny2 9mo agoMusk is notorious for shuffling assets across his companies to make some financials look better. For example, shuffling Twitter servers (and then all of Twitter) under xAI.
- readthenotes1 9mo agoNeed any solar shingles?
- AceJohnny2 9mo agomy partner got shingles a couple years ago, it was a very painful experience! (to be crystal clear, I am making a joke equating the failed SolarCity/Tesla solar shingles to the (generally considered very painful) Herpes Zoster manifestation also called "shingles")
- Hamuko 9mo agoApparently SpaceX is the ultimate vehicle for buying Elon's shit that no one else wants. They're also buying thousands of Cybertrucks. https://futurism.com/advanced-transport/spacex-buying-unfathomable-number-cybertrucks https://futurism.com/advanced-transport/spacex-buying-unfath...
- gspr 9mo agoMusk's involvement for one.
- wongarsu 9mo agoMusk has a history of having one of his more successful companies buying one of his less successful companies. xAI bought X, and Tesla bought SolarCity
- FireBeyond 9mo agoAnd hey, look at that, pure coincidence, Tesla just gave xAI $2B! Now it's back in Musk's private pockets! How handy!