Elon Musk's Megadeal Between X and XAI Breaks Wall Street's Rulebook

From the Feb 2024 round announcement: “A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, amongst others. Strategic investors NVIDIA and AMD also participated”

I bet the limiteds in those VC funds are thrilled to own a falling knife in social media and the interest payments on $12 billion in debt. And this is a real enhancement to Nvidia and AMD investment strategies.