Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal, he announced in a post on X Friday.
“xAI has acquired X in an all-stock transaction,” Musk said. “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).”
Musk went on to describe the two companies’ futures as “intertwined.” He added, “Today, we officially take the step to combine the data, models, compute,…
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https://techcrunch.com/2025/03/28/elon-musk-says-xai-acquired-x/
