Elon Musk raised eyebrows when his AI start -up, XAI acquired X (previously known as Twitter), a social media company. But in many ways trading was meaningful. XAI ‘S CHATBOT, Grok has already been deeply integrated with X, and X is financially under. The MUSK needed a $ 44 billion acquisition of Twitter to look like an impulsive argument and to look like a strategic play for AGI dominance.
He also pointed out how the MUSK’s empire works. Investing in one of his companies is not about fast investment revenue. It is to buy the mysticism around Musk and completely swallow the story of success that surpasses the actual number.
Some people call it a graph. However, the mayor is increasingly generous about the story -driven investment, especially when the story of the story is one of the president’s right hand.
Yoni Rehtman, the principal of Slow Ventures, said, “Today’s company is basically one company.” It is already ELON, Inc. At the same time, there are people who work in various companies. They share the web of capital connections. They are doing business with each other and treat them effectively as a company. (XAI-X merger) ends some of the novels that are separated by both businesses. “
The idea of Musk Bulls, such as Ron Baron, the founder of Baron Capital, an investment management company, is, as Baron says, “to help everything do everything is.” Other businesses under the control of Musk include Tesla, SpaceX, Boring Company and Neuralink. Some of them share their resources.
“When I bought a Twitter, he had a chance to have data, which is a tremendous value for licenses, when he wanted to go to Mars with SpaceX, when he first thought he had a real opportunity for the Internet around the world, when he thought he had a hundreds of billions of profits, he would have started with Tesla when he thought he had a hundred dollars of profit opportunity. When he thought he would merge, he could earn billions of dollars a year and connect cars around the world?
BARON CAPITAL has invested in the ecosystem of MUSK, the example of investor crossovers between billionaire. 8vc, Andressen Horowitz, DFJ Growth, Fidelity Investments, Manhatan Venture Partners, Saudi Arabia’s PIF, Sequoia Capital, Vy Capital I am in charge of position.
It returns us to XAI-X transactions. Experts have questioned how the acquisition can evaluate X for $ 33 billion, more than three times the valuation, and if the AI company has little to do with profits, he questioned how to evaluate XAI for $ 80 billion. But the evaluation is not always based on the existence. Rather, they are considering what investors expect. And it is especially true for the Venture of the Musk.
Look at Tesla. The electric vehicle manufacturer has been treated like technology stocks for many years despite the fact that Tesla has a car manufacturer margin based on the belief that Tesla will someday unlock the autonomy in the form of autonomous vehicles and humanoid robots.
Gene Munster, a partner of Deepwater Asset Management, said, “Tesla’s’ s) stock trading is traded at 80 times, and compare is traded with 25 times the import, because people are betting this year. Let me participate in the long run. “
Munster’s company has invested in X, XAI and TESLA. Assuming that MUSK can deliver a promise to marry X’s real -time data trobes and distribution platforms with XAI’s infrastructure and AI knowledge, it is the type of all -in musk supporter to receive the greatest benefit in transactions such as XAI Buyse X.
Of course, the integration value also increases the risk.
Dan Wang, a professor at Columbia Business School, is conducting research on business and society’s intersection, and TechCrunch is the most immediate risk to investors X. He said that it is a proceedings faced by Commission (SEC). The lawsuit accuses MUSK delaying the disclosure of previous investments in Twitter, criticizing investors who are misunderstood. The SEC argued that Musk can buy more Twitter stocks at an artificially low price.
WANG especially listed some other dangerous considerations, such as the response to the method of quietly choosing all users for the AI model training and the problem of protection of users. OPT-In Change has already filed an IRE of a regulatory agency, a DPC in Ireland, and has recently begun investigating as a potential violation of the European GDPR law.
“Another kind of danger here is that there is no consensus framework on how the AI market will be regulated, but I have already seen this fact in Europe and California until recently.” It is related to providing. ”
Reckman said Musk could simply lose interest in the project.
“In the last few months, Elon’s No. 1 company was Trump Campaign, where he came from where his other project had suffered, and” I think this is a lot of Tesla shareholders now. “
When asked about some of these risk factors, Munster was stupid. He suggested that they are not important, for example, as they are likely to be a dominant player in XAI and AI.
“We are betting to the company about the belief that AI will change more than people think,” he said. “What is the value of one of the glare that the world runs?”
Rechtman says that Musk Bulls is blindly loyal, but he is not blindly loyal to him, but he trusts MUSK’s superpower on “bending the capital market to his will” in a way that can simply do what others cannot do and build a business.
Rechtman said, “People in this business have just went to Elon for a long time and will continue to go to Elon.”
Rechtman said that buying a more speculative bet on Musk, such as X, is one way to potentially potentially potential more investment opportunities in Muskris.
“Spacex is real and will never be released,” he said. “So the only way to invest in SpaceX is to approach the bidding, and the only way to approach the bid is the good grace of ELON.”
