SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world.

SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world.

  • Fermion@mander.xyzEnglish
    19·
    7 months ago

    SpaceX was his one good company thanks to the work of people like Gwynne Shotwell. xAI must not have been getting enough investor interest and rather than admit it’s a stinker, he’s shackling spaceX with it.

    If I were a spaceX investor, I would be absolutely pissed about this and talking to my attorneys.

    • partial_accumen@lemmy.worldEnglish
      9·
      7 months ago

      xAI must not have been getting enough investor interest and rather than admit it’s a stinker, he’s shackling spaceX with it.

      This is the same thing Musk did saddling Tesla (and Tesla public shareholders) with the debt of the failed company Solar City run by his cousin.