zlacker

Guess that will be a SpaceX problem soon enough. What a mess.

>>ta9000+(OP)
I wonder if the recent announcement spurred them into making a move now rather than later.

>>ta9000+(OP)
How was that move legal anyway? Like... a lot of people and governments gave Musk money to develop, build and launch rockets. And now he's using it to bail out his failing social media network and CSAM peddling AI service.

>>mschus+Os
Once he launched the rockets he can do whatever he wants with the profit. And he wants to train Grok.

>>ta9000+(OP)
CSAM in space! At least he isn’t reinventing the cross town bus.

>>nebula+Gr
The merger was most likely now because they have to do it before the IPO. After the IPO, there’s a whole process to force independent evaluation and negotiation between two boards / executives, which would be an absolute dumpster fire where Musk controls both.

When they’re both private, fine, whatever.

>>tyre+UT
First thing a public spacex would want to do is sell off all the non-spacex crap

>>wmf+6w
Money comes with strings, such as when forming an ongoing relationship with a company you expect them to not merge with other companies you are actively prosecuting. I suspect the deal is going so fast to avoid some sort of veto being prepared. Once SpaceX and xAI are officially the same, you lose the ability to inflict meaningful penalties on xAI without penalizing yourself as an active business partner with SpaceX.

>>stubis+Ic1
Was it a grant or a purchase? If I buy a pizza from the pizza shop, it costs them $10 to make, I pay $11, the $1 is profit and the owner can do what he wants with it. But if I get a grant from NLnet I have to spend it on what the grant proposal says. Though a lot of NLnet grants are for living costs while doing a project, so I can do what I like for that time if the project gets done.

>>justab+BV
A public SpaceX will still be run by Musk. A public SpaceX would have to sell assets like X for a huge loss given its debt load, which would also take a propaganda machine out of Musk’s hands.

They’re stuck with those assets.