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A comment on xAI has acquired X, xAI now valued at $80B. Parent comment

Re:xAI has acquired X, xAI now valued at $80B by echelon on Saturday March 29, 2025 @12:31AM (#43512744)
Even if he made the Twitter investors whole, I wonder how the investors in xAI feel.
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Re:xAI has acquired X, xAI now valued at $80B by chrisco255 on Saturday March 29, 2025 @02:02AM (#43513163)
They're mostly the same investors.
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Re:xAI has acquired X, xAI now valued at $80B by johannes1234321 on Saturday March 29, 2025 @10:00AM (#43515602)
They just wait for the next round of this. Maybe SpaceX will require more AI? Or Tesla?
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Re:xAI has acquired X, xAI now valued at $80B by onlyrealcuzzo on Saturday March 29, 2025 @10:06AM (#43515650)
They feel great, because he just magically turned a ~50% loss in Twitter into a ~50% return in xAI and a ~0% loss in Twitter.

Of course, you can't buy $20B worth of mangoes for $40B worth of Mango Holding Company stock and then suddenly make your mango-holding business worth twice as much money.

But you can pretend!

Private valuations, especially VC-funded companies, have been nonsense for decades. Elon is just exploiting that egregiously.

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