Trump / Musk (other than DOGE)

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superrific said:
Not necessarily. It depends on the financing and the merger agreement. Without seeing the merger agreement, it's impossible to evaluate.

An all-stock deal will not prevent any legal action. The surviving company will inherit all assets and all liabilities of the original companies, including contingent liabilities.
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Ergo, a paper loss.
 
hedge said:
Trying to get my mind around how this old saw would apply to Musk: "When you owe the bank $100, that's your problem. When you owe the bank $100 million, it's their problem." Maybe: "When your potential customer's net worth is more than your firm's market cap, it's a problem...
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It's never been more true. lol :cry
 
superrific said:
I thought he valued X at $45B, not $33B.

Regardless, $33B is a price way over Twitter's current valuation, so there's no cheating involved. The transaction is conflicted, and Musk almost certainly did not follow any of the procedures usually required to prevent close scrutiny of the deal (he didn't in his pay package or in other mergers), so entire fairness review would apply. And entire fairness review can make it quite difficult for the company to prevail, but a price that is at least twice a current valuation will satisfy the standard.

There might be "cheating" in the sense that banks feel compelled to participate in the financing to avoid being on Musk's bad side, given his position in the government. But banks also felt compelled to participate in the twitter buyout just because Musk is a big fish.
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$45B valuation less $12B assumed debt
 
Duke Mu said:
Musk bought twitter for $45B, but claimed $33B when he bought his own company with xAI. That's why it's a paper and not real loss. Reorganization like this is also a common ploy against legal action. And he paid himself during the exchange aka skimming off the top.

Buy: $45B
Sell: $33B (to himself)

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Was there an assumption of $12b of debt by xAI to even it out to $45b? So $33b of xAI stock and assumption of X/Musk's $12b debt.

jinx/
 
1743288329075.png
Yes, Elon, the goal of the left is to destroy you. Because, it's all about you, isn't it? Of course it is, because you're a very, very special person.

You sir, are a megalomaniac.
 


First of all, at best this is a dumb message (and worse, calls for vandalism), let Teslas burn on their own and don’t create sympathy for Musk the victim.

Second, they missed the obviously catchier alliteration opportunity using “Torch” rather than “Burn” so incompetent all the way around.
 
If anyone is wondering, in my opinion, xAI or grok is decent but not exactly top of the line. They have some pretty good generative image stuff, some decent LLM stuff, and integration with twitter/X. It also open sources their older models which is nice.

If there's going to be one winner like Google was for search, I don't think xAI is going to be it although all these companies announce new breakthroughs seemingly every week so that could change. If there are going to be multiple winners like Facebook / tiktok/ Twitter/ instagram for social media, xAI is going to be a pretty strong offering.
 

Elon Musk’s Mission to Take Over NASA—and Mars​

The billionaire is in position to speed up plans for a voyage to the planet, with a potentially huge impact on SpaceX​


GIFT LINK 🎁 —> https://www.wsj.com/business/elon-m...7b?st=Kw8yUM&reflink=mobilewebshare_permalink

“… It is at NASA, though, where Musk is making the biggest shift in an agency’s priorities to align them with his own—both financially and personally.

He is working to recast its programs, reallocate federal spending and install loyalists to aid his decadeslong goal of sending people to Mars.

He has also worked to win backing from Trump by telling the president that getting people to Mars would shine his legacy as a “president of firsts,” according to people briefed on the conversations.

The ambition could have a potentially huge impact on SpaceX, which has emerged as the dominant space technology and operations company globally and is already one of NASA’s biggest contractors. …”

——
By its timeline, NASA is on the verge of implementing the Artemis program to create a space station orbiting the Moon, supporting human access to the Moon from the orbiting station and eventually a platform for future Mars missions. China is our direct competitor.

Musk is stomping in, wanting to ditch a huge investment of planning and money on the cusp of implementation to rush his unproven tech to the forefront of skipping ahead to a manned Mars Mission. Because that is what his heart desires.

and what he is going to end up doing is setting back US space program at a time that we have real competition from China.
 
nycfan said:

Elon Musk’s Mission to Take Over NASA—and Mars​

The billionaire is in position to speed up plans for a voyage to the planet, with a potentially huge impact on SpaceX​


GIFT LINK 🎁 —> https://www.wsj.com/business/elon-m...7b?st=Kw8yUM&reflink=mobilewebshare_permalink

“… It is at NASA, though, where Musk is making the biggest shift in an agency’s priorities to align them with his own—both financially and personally.

He is working to recast its programs, reallocate federal spending and install loyalists to aid his decadeslong goal of sending people to Mars.

He has also worked to win backing from Trump by telling the president that getting people to Mars would shine his legacy as a “president of firsts,” according to people briefed on the conversations.

The ambition could have a potentially huge impact on SpaceX, which has emerged as the dominant space technology and operations company globally and is already one of NASA’s biggest contractors. …”

——
By its timeline, NASA is on the verge of implementing the Artemis program to create a space station orbiting the Moon, supporting human access to the Moon from the orbiting station and eventually a platform for future Mars missions. China is our direct competitor.

Musk is stomping in, wanting to ditch a huge investment of planning and money on the cusp of implementation to rush his unproven tech to the forefront of skipping ahead to a manned Mars Mission. Because that is what his heart desires.

and what he is going to end up doing is setting back US space program at a time that we have real competition from China.
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Not everyone is sold on the Artemis mission, though.

“… Officials from Trump’s Office of Management and Budget have told people about discussions under way to move U.S. government dollars toward Mars initiatives and away from programs focused on the moon and science missions.

Killing or dramatically remaking the program would unravel years of development work, but some proponents say much of the hardware for Artemis, from the SLS rocket to ground infrastructure, is too expensive, slow to produce and behind schedule.

… Any changes to the Artemis program could also affect Blue Origin, the space company founded by Jeff Bezos, which has a contract under Artemis to develop a lander for a future moon mission. [In case you were wondering about Bezos cozying up to Trump]

… An overarching goal is to return NASA astronauts to the moon before Chinese astronauts, called taikonauts, arrive there, and some see Boeing’s SLS as the best option to do that.

“Starship? I want success out of it. But for us to beat the Chinese…it’s going to have to be SLS that does it,” Rep. Brian Babin (R., Texas) said in February. …”
 
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