Comment on Elon Musk sells X to his own xAI for $33 billion in all-stock deal

Sirdubdee@lemmy.world ⁨1⁩ ⁨week⁩ ago

He traded a liability for an asset. Distanced X from his personal assets (Tesla stock) used as collateral. xAI now has massive amounts of debt and Elon just owns the company that owns it.

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