>>g-mork+(OP)
Just a neat bit of financial engineering. You can tell because Elon picked SpaceX instead of Tesla – which would have actually made sense at some level (Optimus Robots + AI). But Tesla is public and so he'd need to follow laws and reporting requirements.
>>broken+D9
Tesla is still very profitable, as is SpaceX I assume. Twitter/X has been a $44 billion dollar failure, and xAI is a vanity project so Musk can go around saying he is a player in the AI space. Investors in both X and xAI need to be bailed out, hence this announcement.
>>paxys+rb
Do you genuinely not think that "Elon" (xAI) is player in the AI space?
You don't have to think they have the best models of course, but they are clearly a very significant, and some might argue, leading player in the AI race.