xAI has acquired X, xAI now valued at $80B

Re:xAI has acquired X, xAI now valued at $80B by TheAlchemist on Saturday March 29, 2025 @01:06AM (#43512911)

Yep, I also believe that we will have a Minsky Moment on the entire Muskonomy.

Given his political involvement, I would assume that the maximum end date for this house of cards is the date when Trump is no longer in power - which is less than 4 years away. The real date is probably much sooner, but who knows when ?

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Re:xAI has acquired X, xAI now valued at $80B by strangelove026 on Saturday March 29, 2025 @04:01AM (#43513674)

For anyone else who wasn't familiar with a Minsky Moment

https://www.investopedia.com/terms/m/minskymoment.asp

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Re:xAI has acquired X, xAI now valued at $80B by int_19h on Saturday March 29, 2025 @04:54AM (#43513918)

But that then means that Musk has a strong incentive to keep Trump (or some replacement that will similarly let him do whatever he wants) in power past these 4 years.

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Re:xAI has acquired X, xAI now valued at $80B by usrusr on Saturday March 29, 2025 @08:59AM (#43515184)

Buying time to get the rocket finished that he will ride escaping his creditors to Mars. That would be a badly written plot even by the standard of cheesy comic books, but somehow it all makes sense from that angle. (no, I don't believe that he would ever get within explosion range of a rocket engine ignition)

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Re:xAI has acquired X, xAI now valued at $80B by AtlasBarfed on Saturday March 29, 2025 @09:51AM (#43515539)

People do not last in Trump's orbit. I'm shocked Musk has lasted as long as he has. I though he'd practically be a Scaramucci.

Every six months is a 50% chance of ejection.

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Re:xAI has acquired X, xAI now valued at $80B by richardw on Saturday March 29, 2025 @06:31AM (#43514334)

A few hundred billion will buy you a lot of politicians in this climate.

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