alt Hacker NewsThe $44B Twitter/X buyout was not a failure. For example Fidelity has its $19M investment in the buyout - now xAI common shares - marked at $62M (up over 3X) as of 12/31/25. It was certainly valued even higher on 1/31/26 after xAI had an oversubcribed fund raise in January. All before this merger announcement.
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cowsandmilk • yesterday at 11:27 PM
> xAI had an oversubcribed fund raise in January
My understanding is that it was not oversubscribed and would not have closed without Tesla’s investment.
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The fact that it had to be successively bailed out by xAI (which itself was funded by Tesla) and now SpaceX shareholders is exactly what makes the acquisition a failure.