minus-squareSirdubdee@lemmy.worldtoTechnology@lemmy.world•Elon Musk sells X to his own xAI for $33 billion in all-stock deallinkfedilinkEnglisharrow-up28·4 days agoHe 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. linkfedilink
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.