> The weird looking part to he is cramming xAI into it. It's a completely different business with little overlap that I can see, in a crowded market that they are far from leading.

My personal theory is that Musk wants to roll up all his companies into a mega corporation that he fully controls, and this is part of the process. I expect Tesla and SpaceX to merge years down the line.

Of course, the counter to this thesis is that he didn't roll in Neuralink or Boring Company. But its probably that these three companies + Tesla are the ones he's most passionate about.

These numbers would be ridiculous even for a software play. < 20B in revenue at almost 2T valuation? That's almost 100x revenue multiples at a not so great revenue growth rate.

There were talks in the past about spinning Starlink out. Perhaps the thinking that led them to keep Starlink in is the same thinking about their new data center business (what they got from xAI and will grow in orbit in the future)

putting tesla robots on the moon ran by LLMs seems to be a pretty coherent overall plan, I don't think it's different