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4w ago

Elon Musk’s xAI Acquires Social Media Platform X for $45 Billion

The merger combines xAI's advanced AI capabilities with X's 600 million-user base to create a unified platform aimed at innovation and human progress.

Screens display the logos of xAI and Grok, the AI chatbot developed by Elon Musk's xAI, in this photo illustration taken on January 13, 2025, in Toulouse. Musk announced on March 28, 2025, that xAI is acquiring X (formerly Twitter) in a deal valuing it at $33 billion.
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FILE - Workers install lighting on an "X" sign atop the company headquarters, formerly known as Twitter, in downtown San Francisco, July 28, 2023. (AP Photo/Noah Berger, File)

Overview

  • Elon Musk announced that xAI has acquired X in an all-stock transaction valued at $45 billion, including $12 billion in debt.
  • The combined company is now valued at $80 billion, with xAI valued at $80 billion and X at $33 billion.
  • Musk emphasized the integration of xAI's AI expertise and X's extensive reach to deliver personalized, AI-driven experiences to billions of users.
  • The merger aims to position the unified entity as a major competitor in the AI sector, leveraging tools like the Grok chatbot and the Colossus supercomputer.
  • The move reflects Musk's broader strategy to consolidate his ventures and accelerate progress toward creating an 'everything app' blending AI and social media.