Musk sold Twitter into xAI which he then sold into SpaceX as a financial enginee... | Hacker News

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		robmccoll 2 days ago \| parent \| context \| favorite \| on: Google to pay SpaceX $920M a month for compute cap... Musk sold Twitter into xAI which he then sold into SpaceX as a financial engineering effort to lessen the impact of massive debts and cash burn. The IPO and some clever structuring is the final step in the process.
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ProAm 2 days ago | [–]

It's really just a debt transfer to make one company look good while the other is saddled with debt. Should be illegal

bmitc 2 days ago | [–]

I.e., fraud.

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