well there it fuckin is lol
> SpaceX and Tesla boards are exploring potential merger
> Elon Musk says combining his two public companies would be a ‘good idea’ as the world approaches an AI singularity
https://www.ft.com/content/f2a2a578-5a2e-42ff-b4c9-8bafff271b37
archive: https://archive.ph/RS2z1
@davidgerard
It's his only way out. He knows that xAI is doomed, because no-one is using Grok. So he tried to add value by "selling" it to SpaceX, which has at least one profitable branch, Starlink. But that won't be enough to survive. Now he needs to add more actual substance and hopes no-one will let the resulting company go bankrupt, bc then also the Teslas will go away.
And he's right, he's otherwise reaching "financial singularity", also known as going belly up.