Just because you paid 33 billion does not make it worth that, just like when you paid 44 billion and it wasn't worth THAT....
this post was submitted on 28 Mar 2025
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So xAI raised $6 billion at a $40 billion evaluation, i.e. they sold 15% for 6 billion. Then they used 82.5% of the company to buy X so the Saudis and JP Morgan and whoever got something, making it less likely that there's an embassy and a bone saw in Elon's future.
Edit: sorry, it was $50 billion so 66%. But xAI doesn't really have any income so I'd say their value is closer to those $6 billion. So they bought Twitter for $4 billion, one tenth of what it was.