Elon Musk said on Friday that he had sold X, his social media company, to xAI, his artificial intelligence start-up, in an unusual arrangement that shows the financial maneuvering inside the business empire of the world’s richest man.
The all-stock deal valued xAI at $80 billion and X at $30 billion, Mr. Musk said on X. X’s price was down from the $44 billion that Mr. Musk paid for the social media company in 2022, but higher than the $12 billion valuation that some of X’s investors…
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https://www.nytimes.com/2025/03/28/technology/musk-x-xai.html
