"A whole bunch more Epstein Files dropped over the weekend if you hadn't noticed, and , they sure are chock full of mentions of Tesla CEO Elon Musk. This is obviously uncomfortable for Musk, because the emails show him practically begging for invites to the notorious Epstein island, despite the fact that Musk has long claimed that he refused such invites, and the fact that Musk has fancied himself some sort of advocate for releasing the Epstein Files."
"That public relations curveball for Musk (he was backpedaling on Xitter all weekend) may or may not complicate things with Musk's numerous business ventures. But there seems to be some significant movement afoot with Musk's business ventures, as Bloomberg reports that Musk is in advanced talks to merge his AI company xAI with his rocket ship company SpaceX."
"The rationale is that SpaceX is an enormously profitable company, while xAI is losing money like mad, so this may help xAI's balance sheets as Musk seeks a higher on-paper valuation. We should note that despite Musk's alleged hatred of California, xAI is headquartered in Palo Alto, and also has a San Francisco office. And X(itter) has been under the xAI umbrella since last year."
Newly released Epstein Files include emails showing Elon Musk seeking invites to Jeffrey Epstein’s island, creating public-relations challenges and prompting Musk to backpedal on X. Musk is reportedly in advanced talks to combine his AI company xAI with his rocket company SpaceX. The merger aim is to apply SpaceX’s profitability to shore up xAI, which is burning cash at a rapid rate. xAI is headquartered in Palo Alto with a San Francisco office, and X has been placed under the xAI umbrella. Musk informed some investors and could announce an agreement imminently. xAI is reportedly losing nearly $1 billion a month while SpaceX remains highly profitable, though SpaceX’s private financials are not fully disclosed.
Read at sfist.com
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