Elon Musk Continues to Explore Corporate Governance and Fairness Boundaries
This presentation explores the fairness and corporate governance issues surrounding the March 2025 merger of x.AI Corporation and X Corporation, both controlled by Elon Musk. With a combined enterprise value of $125 billion, the stock-for-stock transaction raises questions about valuation methodology, board independence, conflicts of interest, and procedural rigor. Drawing comparisons to Musk’s past deals—such as Tesla’s acquisition of SolarCity and the leveraged buyout of Twitter—the analysis examines whether this latest “all in the family” merger meets the standards of fairness typically expected in transactions involving controlling shareholders.
