“Suppliers sometimes view Musk’s companies as one big customer. In 2024, Nvidia agreed to divert a $500 million order of GPUs from Tesla to xAI at Musk’s request.”
Luka77GOATic on
“One thing that’s almost certain is Musk won’t have to worry about pushback from SpaceX’s board, given that the the CEO has 85% voting power. In the risk factors section of its prospectus, SpaceX notes that it’s a “controlled company,” which allows for exceptions when it comes to governance rules and means that Class A shareholders “will not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements” of the Nasdaq.”
EditedRed on
I got my 5090 before it was cool.
Shoddy-Day-8516 on
They weren’t already the same company?
Playful_Possible_379 on
Why do we even care about the stock fraud this guy creates?
pampuliopampam on
I want off this ride.
Life long space lover. Degree in aerospace. Industry just fucked sideways by it being a _hard_ industry with impossible requirements and a rotating mandate.
Now our tech pharaohs are playing corporate games with its corpse.
cool.
So glad I went into development and now have to fight the t-9000 for grunt work and have nobody to coach anymore too _and a ctpo with full blown ai psychosis_
bookhead714 on
Can’t wait for them to start releasing rockets that you can pull apart with your bare hands
ruskyandrei on
Inc 10T valuation for SpaceX
7fingersDeep on
The market has a chance to do the funniest thing.
Mecha-Dave on
That was always the plan. It’s how he regains control of Tesla, as well as pays off Tesla insiders with SpaceX stock. it’s exactly what he did with SolarCity and Twitter.
Luka77GOATic on
“In January, Tesla revealed it had invested $2 billion in xAI. Those shares became holdings in SpaceX following that company’s merger with xAI the following month.”
ForsakenRacism on
No way his whole scam is having his companies buy stuff from each other. Space x will buy the robots from Tesla so he can get his bonus
KanyeWestsPoo on
Is Musk the greatest grifter of all time?
Sk33ter on
Elon Musk belongs in prison.
BrennusSokol on
Oh god who gives a shit? Fuck Musk.
thabigmilla on
How can you profit from this if it were to happen?
resilindsey on
He’s basically gonna hide Tesla’s losses by folding it into SpaceX to save face, same as when Tesla bought Solar City.
wallstreet-butts on
Musk already functionally uses his collection of companies as a single pool of resources (human and capital). It would make sense for him to just make it official, give him more options for hiding losses, and shield him from criticism around his behavior of mortgaging one business to fund another.
isthereadrwho on
It’s an AI flying car spaceship company
SonOfOMR on
Elon Musk is a parasite suckling on the teat of the US government.
cscottnet on
We’re in the part of the pyramid scheme where the companies have to be rolled together to keep the pyramid going. You can spin it however you want, but I don’t think this is going to end well.
GVArcian on
I hope Musk gets hit over the head with a giant mallet and gets flattened into an accordion.
22 Comments
“Suppliers sometimes view Musk’s companies as one big customer. In 2024, Nvidia agreed to divert a $500 million order of GPUs from Tesla to xAI at Musk’s request.”
“One thing that’s almost certain is Musk won’t have to worry about pushback from SpaceX’s board, given that the the CEO has 85% voting power. In the risk factors section of its prospectus, SpaceX notes that it’s a “controlled company,” which allows for exceptions when it comes to governance rules and means that Class A shareholders “will not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements” of the Nasdaq.”
I got my 5090 before it was cool.
They weren’t already the same company?
Why do we even care about the stock fraud this guy creates?
I want off this ride.
Life long space lover. Degree in aerospace. Industry just fucked sideways by it being a _hard_ industry with impossible requirements and a rotating mandate.
Now our tech pharaohs are playing corporate games with its corpse.
cool.
So glad I went into development and now have to fight the t-9000 for grunt work and have nobody to coach anymore too _and a ctpo with full blown ai psychosis_
Can’t wait for them to start releasing rockets that you can pull apart with your bare hands
Inc 10T valuation for SpaceX
The market has a chance to do the funniest thing.
That was always the plan. It’s how he regains control of Tesla, as well as pays off Tesla insiders with SpaceX stock. it’s exactly what he did with SolarCity and Twitter.
“In January, Tesla revealed it had invested $2 billion in xAI. Those shares became holdings in SpaceX following that company’s merger with xAI the following month.”
No way his whole scam is having his companies buy stuff from each other. Space x will buy the robots from Tesla so he can get his bonus
Is Musk the greatest grifter of all time?
Elon Musk belongs in prison.
Oh god who gives a shit? Fuck Musk.
How can you profit from this if it were to happen?
He’s basically gonna hide Tesla’s losses by folding it into SpaceX to save face, same as when Tesla bought Solar City.
Musk already functionally uses his collection of companies as a single pool of resources (human and capital). It would make sense for him to just make it official, give him more options for hiding losses, and shield him from criticism around his behavior of mortgaging one business to fund another.
It’s an AI flying car spaceship company
Elon Musk is a parasite suckling on the teat of the US government.
We’re in the part of the pyramid scheme where the companies have to be rolled together to keep the pyramid going. You can spin it however you want, but I don’t think this is going to end well.
I hope Musk gets hit over the head with a giant mallet and gets flattened into an accordion.