SpaceX absorbed xAI in a $1.25 trillion deal without shareholder approval, as Musk controlled both sides of the negotiation. Existing SpaceX investors now own stakes in an AI subsidiary they never chose to back. Meanwhile, software stocks posted worst month since 2008 amid concerns about AI displacement. #TechMergers #AIEconomics #CorporateGovernance

https://www.implicator.ai/musk-negotiates-with-musk-software-bleeds-out/