r/wallstreetbets and r/stocks focus on a jury finding that Musk misled investors during the Twitter purchase, debating downstream implications while challenging unverified SpaceX and xAI merger narratives.
Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover, Bloomberg says
Jury finds Elon Musk misled investors during Twitter purchase
SpaceX merged with xAI to make Elon a 50% stakeholder in the company with some totally unrealistic bullshit about space data centers (not possible if you ask the rules of physics)
The jury ruling is a massive development, but we should probably separate the legal verdict from the SpaceX/xAI merger claims.
A merger of that scale between a primary defense contractor (SpaceX) and a private AI startup would face insane regulatory hurdles.
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