zlacker

>>m-hodg+(OP)
They both are privately held by the same owner! So, with whom are they talking? :-)

>>mandee+o7
Musk writes a letter from his ceo@spacex.com email and he reads it from his ceo@xai.com account. And viceversa.

>>kwanbi+I8
The lawyers are the ones talking, and they have to come up with a fair valuation.

If SpaceX pays too much for it, other SpaceX shareholders have a case against SpaceX leadership. If xAI accepts an offer that is too low, other xAI shareholders have a case against xAI leadership. Given that the leadership is basically the same people, they are very well incentivized to come up with a valuation that is as fair as possible.

And this is not just theoretical, Musk has already been sued successfully once on a similar case, when his companies gave out too much free support to the boring company.

>>Tuna-F+oc
Otoh, he is clearly impulsive and doesn’t think the rules apply to him. I am guessing, if one approach benefits him personally the most, there will be enormous pressure to achieve that outcome.

>>edmund+hd
Otoh, he is clearly impulsive and doesn’t think the rules apply to him.

They don't, so why shouldn't he think that way?