Elon Musk's xAI Finalizes $33 Billion Acquisition of Social Media Platform X

The merger integrates xAI's advanced AI capabilities with X's 600 million users, aiming to create smarter services and accelerate human progress.

Elon Musk announced that his AI startup xAI has acquired X in an all-stock transaction valuing the social media platform at $33 billion, excluding $12 billion in debt.
The merger positions xAI, valued at $80 billion, to leverage X's 600 million users to enhance its AI-driven chatbot Grok and other services.
Musk described the deal as a step toward building a platform that not only reflects the world but actively accelerates human progress.
X's advertising revenue, recovering after past declines tied to content moderation controversies, is expected to benefit from the merger.
Musk's growing political influence, including his alignment with Donald Trump and role on a government efficiency commission, adds a complex dimension to the acquisition's implications.