alt Hacker NewsBecause this move is entirely financial engineering to hide losses just like the roll up of X in to xAI.
None of this has anything to do with business or innovation. Do you not immediately see that? Most of my friends reaction to this news was that this is so obvious it's almost funny (or actually it is funny, since most were laughing as they read the headline).
I'm curious how you could not understand the relevance of the quote unless you were aggressively trying to not understanding it.
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> I'm curious how you could not understand the relevance of the quote unless you were aggressively trying to not understanding it.
Monet probably wondered how other people couldn't see purple in a haystack.
What are they hiding that wasn't hidden already? Two private companies making a private transaction.. there is no mandatory reporting now nor after this move
Tesla acquiring solarcity was the same thing over. It did not make sense. Then and it does not make sense now. But the distortion field is so great no one notices.
Parent poster may have been thinking of other readers. I see it as you do, but it's a fair question.
But that is also just an assumption isn't it? Could this not also be related to the fact that they plan to launch a ton of servers into the sky to run in space and power AI? It would mean that their AI product would become heavily based on the services provided by SpaceX via launching all this.
But regardless, I think quotes like these should have some commentary around them as it helps create a discussion around whatever point they might be trying to make rather than having to make assumptions.
Is it financial engineering or social engineering?
He's all over the Epstein files and his daughter has publicly verified that the timing works out and the emails are probably legitimate.
https://www.threads.com/@vivllainous/post/DUMBh2Vkk8D/im-jus...
What are you talking about? They are both private companies. They don't have public financial reporting.
didn't tesla just 'invest' 2bills in xai?
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yeah, I am not a huge fan of Musk, but this move is just going to bring down arguably the only decent thing he's produced.
Leave SpaceX alone you child. Gwynne has it in excellent hands.. find some other way to pay for your juvenile brainfarts.
It's really disturbing how confidently blinded you are by whatever political biases you have.
Hiding losses? From whom? He's the majority shareholder of both businesses. The combined company will go public and report on things like revenue, burn rate, etc. It's not financial engineering. It's a purchase.
Just say "rocket man bad" and save some keystrokes.
I understand it now, after reading the thread. There's a reason for that.
I have not been following the machinations of X very closely. I don't have the corporate structure of Elon's empire in my head, nor do I have the Meta or Alphabet/Google hierarchies in there. I couldn't have told you about the history of xAI beyond that it exists.
So that's plain ignorance of something you consider common knowledge, but I don't, rather than "aggressively trying to not understand it." And that phrase is particularly grating btw.