Posted on 04/05/2025 7:52:08 AM PDT by SmokingJoe
The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much Musk stands to make from the highly unusual deal.
On Friday evening, Elon Musk announced on his social media company X that xAI, his artificial intelligence startup, had bought X in an all-stock transaction. According to Musk, the deal values the newly combined company called xAI Holdings at $113 billion.
The move to combine X and xAI invites criticism, given that Musk controls both companies. It also doesn’t help that X has struggled since he took the company private in 2022. Among those struggles: an exodus of bluechip advertisers and a slump in revenue. “Elon Musk is opportunistically using the very high valuation he has for his xAI business in order to make his investors in Twitter whole,” says Gil Luria, an analyst at D.A. Davidson. “Elon is the controlling shareholder of xAI, he's the controlling shareholder of the company formerly known as Twitter, so he gets to make that decision.”
Investors in X aren’t complaining. The new deal values the social media company at $33 billion net of debt, or $45 billion overall, which is $1 billion more than what investors initially paid for Twitter back in 2022.
(Excerpt) Read more at forbes.com ...
Elon Musk is the most UNDERPAID individual in the world.
The ENVY that Musk causes, in weak men, is DELICIOUS TO WATCH!
“CARRY ON!”
They never use the word “windfall” correctly.
It’s always deployed as a weapon word.
That popping noise is liberal moron heads exploding.
Being majority stockholder now, what could happen to Musk if Tesla board demands Elon resigns?
For the benefit he contributes to humanity, severely uncompensated.
That popping noise is liberal moron heads exploding.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
LOL! Yep, reminds me of when my kids liked to pop those air bubbles in plastic packaging sheets!
YUPPERS
if the only reason the value of your holdings is rising is because YOU are still buying, it does not count
They did perform and some judge in Delaware denied Musk his compensation. Another completely illegal decision by an activist judge.
Yes.
What the heck are you babbling about, if you even know?
How about saving freedom of speech WORLDWIDE? How about saving Social Security for every American? How about what he’s done for electric batteries (no you don’t have to drive a Tesla to benefit)? How about all the middle class jobs he provides for Americans? How about being the man who got Trump elected? How about the American taxes his companies pay? How about being the only person in a power position tapping the breaks on AI? How about being the man who potentially saves mankind by allowing our species to escape a dying earth? How much more do you want? I can go on rubbing your nose in your stupidity if you want.
What’s your problem? I bought a few shares of Tesla stock. Big Womp. After working 50 years I had a few bucks to invest. Did I invest and ride the market up? No.
Get a life, you insanely covetous little person.
It does sound like that. LOL!
Sure he makes a lot of money on paper from this deal ( though relative to his total worth not that much right now), but the merger makes a good bit of sense too. From a front facing business, combining X with AI creates two strong platforms for users even stronger. From the backend and the banking side it also makes sense. One team of developers, and, the private investors will have a much better chance at profits when the combined entity goes public in 2027 or so. Before the merger xAI was just another AI but now it’s tied to one of the biggest social media enterprises. It jumped to the head of the pack. xAI needs language and logic and links and posts and words fed to it from Twitter/X.
There are plenty of other reasons too. I would not be surprised if one day all his entities had some kind of connection or business sharing relationship. Tesla and SpaceX both will need and use AI and AI gains from Twitter language, Tesla can feed to AI and vice versa, and even Neuralink needs AI. If they don’t literally merge they will all likely enter into commercial partnerships.
It’s my understanding that SpaceX and Starlink are still privately owned and once they go public his net worth will increase significantly
He just signed a new multi billion dollar government contract. At least his money will be paid for by DOGE savings he found.
They are his companies to do with as he pleases. If what he does makes him some money, good on him.
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