Elon's capital raise was under-subscribed apparently. *X . AI HOLDINGS CORP . RAISES $5.32B ; OFFERING $6.39B : FORM D
Elon's capital raise was under-subscribed apparently. *X . AI HOLDINGS CORP . RAISES $5.32B ; OFFERING $6.39B : FORM D
🕳️
Jenga tower getting wobbly
Man couldn’t sell a brown shirt at a MAGA rally
why can't i find this on edgar? www.sec.gov/edgar/search...
not sure
If it's so great (and better than tsla), he should be selling tsla stock to finance this. $6B should be a no brainer for him... If not investors should run the other way.
Where did you see this. Having hard time finding on terminal
NSN T0L8YZBSWSG1
NI had the headline as "X . AI" so you have to search for that exactly. Wasn't linked to an xAI corp search
That would explain it
👑
That bowling ball has three finger holes and I think a thumb hole.
Now the next step is to watch even more money get transmuted into shit, like reverse alchemy
Wallets are closing now. Last week, OpenAI, had to reopen its raise from March because Softbank either couldn't or wouldn't raise its $30b share. They had to cobble together $7.5b from 21 different lenders. Private credit would only write Elon paper with a 3 yr term and 12.5% coupon.
OpenAI is trying to do another $8.3b raise on the heels of a $10b raise literally 8 weeks ago. Where the fuck is this money going? Especially given the lackluster early reviews we're seeing of their new release, the first one in *2 years*.
It is literally my fondest hope that every VC/PE dime invested in AI flies away to money heaven.
money heaven 😁
But xAI is valued at $30Trillion, so xAI will buy Tesla for $5Trillion in stock because numbers and math no longer matter.
what are the chances this was because of terms of the offer weren't attractive enough vs drop in AI demand?