Cancellation Elon Musk for a deal”TwitterHis participation in the Sun Valley conference made it more anticipated, but it left a large number of attendees stagnant.
The billionaire refused to answer questions regarding the deal at a conference organized by Allen & Co yesterday, although he reiterated concerns regarding the company’s treatment of former US President Donald Trump and how it shares user data. And for a large number of those who extended their stay in Sun Valley, Idaho, to hear Musk’s speech, they were likely to be disappointed, according to people who attended the closed session.
Musk took to the stage on Saturday, less than 24 hours following he canceled his $44 billion bid to buy Twitter, and spent most of the time outlining his vision for the future of humanity on Mars, said the people, who requested anonymity.
At the Marky Address session — usually reserved for legendary investors like Warren Buffett — the SpaceX CEO described Mars as a “civilized life insurance” policy in the event of a catastrophe on Earth. Musk also pointed out the importance of the planet as a platform for the continuation of human life, when the sun’s heat will burn and eventually burn everything.
Musk has always been a supporter of colonizing Mars, tweeting earlier this year regarding a possible human landing on the planet by 2029. SpaceX investors attended the Sun Valley conference, some of which stayed behind to hear Musk’s speech. Noting that the valuation of the private company rose in its latest funding round.
Sun Valley participants await Musk’s speech following the collapse of the Twitter deal
During the session, Musk was asked regarding the Twitter deal by Sam Altman, CEO of OpenAI, whose organization worked closely with the world’s richest man. Musk was also a former member of the OpenGI board of directors and made significant donations to the research firm, which seeks to make AI good for society. Musk also remains an advisor to the company.
In a filing Friday, Musk accused Twitter of misrepresenting users’ data and failing to comply with “contractual obligations” to provide information on how it assesses the spread of bots on the social network. His decision to withdraw from the deal paves the way for an uphill legal battle, as Twitter, minutes following the filing, vowed to respond in court.
