@ns123abc

@ns123abc Elon knows business

@realgabe178 @ns123abc IPO should pay off that debt (maybe) but yeah IDK where they are getting that.

Two of those are backwards. The deal was all-stock, so there was no "debt from buying xAI." The roughly $18 billion was xAI's existing stack from the Twitter buyout and its GPU spend, and SpaceX didn't pay it off, it took a new $20 billion loan in March to refinance it onto its own balance sheet. And revenue didn't triple, it grew about a third year over year. What the merger actually did was flip a profitable business into a $4.9 billion net loss.

@ns123abc They still have $ 23b in debt

@ns123abc

@ns123abc wait let that sink in the other way

xAI debt cleared AND 3x revenue? financial glow up of the decade

@ns123abc I didn’t do the effects. It’s just a gift. Didn’t know where I find it if it’s here is cool tag yourself.

@ns123abc the "debt" part is doing a lot of heavy lifting there but still pretty wild execution either way

@ns123abc 🔥🔥

@ns123abc Bro that's wild if they really pulled it off, but the quotes around debt make you wonder a bit

@ns123abc “BuT….BuT…SpAcEx BoUgHt xAI tO bAiL oUt ElOn’S fAiLeD Ai pRoJeCt”

@ns123abc

@ns123abc Incredible how few weeks leading to IPO shit magically happen big made up numbers thrown at the table everyone singing etc so cool and all vibezzz trilllions and trillions like we talking about millions kumbaya

@ns123abc Ass backwards type shit

@ns123abc 🔥

@realgabe178 @ns123abc

@MattStopa @ns123abc They are just making stuff up at this point 😥

@ns123abc interesting how "debt" is in quotes

feels like theres more to that story

@ns123abc