Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
apnews.com
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
19 comments
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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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Plus the $11B loss that he gets to deduct…
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It's a private company, he can't.
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19 comments