in World News BREAKING: Elon Musk Has Sold X
By Anthony T
On Friday, Elon Musk announced he sold his social media company, X, to his artificial intelligence company, xAI.
The deal valued X at $33 billion.
In a post on X, Musk stated, “xAI and X’s futures are intertwined.”
He added, “Today, we officially take the step to combine the data, models, compute, distribution, and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).
Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at…
— Elon Musk (@elonmusk) March 28, 2025
Elon Musk has sold Twitter/X to his own artificial intelligence company, xAI, in a $45 billion deal pic.twitter.com/pXxSWiaTh3
— FearBuck (@FearedBuck) March 28, 2025
Per Musk:
xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).