DougDoug

That's what we're getting to.

At this point in the story.

Yeah, he's bought it, yeah, twice.

He bought it himself, and then he bought it with his other company to bail it out.

But now, you've combined a money-losing company, which is XAI, with a money-losing social media platform.

Do wrongs, make a right.

That's what I thought the plan would be.

But it turns out they're losing, I think I have a quote here,

$1 billion a month.

XAI burns through $1 billion a month.

This is after, I'm not gonna do the whole timeline here, but around the time of this article, XAI was trying to fundraise because they're understandably running out of money.

You can't spend a billion dollars a month and keep afforded to buy all the stuff you need for Grok, all the stuff you need for Twitter, everything.

So yeah, you can see right here, they're trying to raise $9.3 billion in debt and equity.

Well, it turns out that the market was like, I don't know.

Like you have to give us pretty high interest rates for that.

Cause we, cause you're losing so much money.

And so rather than do that, he's like, wait a minute, I got a plan.

I got an even bigger company that can raise even more money.

This is SpaceX.

So now this shit sandwich is getting rolled up into what I would say, and I think...