Elon Musk’s artificial intelligence firm, xAI, has acquired X—the social media platform formerly known as Twitter—for $33 billion in an all-stock deal. This move marks another major consolidation of Musk’s business empire, which already includes Tesla and SpaceX.
Announcing the transaction on X, Musk stated that the deal values xAI at $80 billion and X at $33 billion, factoring in a $45 billion valuation minus $12 billion in debt.
He emphasized that the futures of xAI and X are “intertwined” and that the merger will integrate data, models, computing power, distribution, and talent, potentially boosting the training of xAI’s AI model, Grok.
