Elon Musk's xAI Acquires X in $33 Billion All-Stock Deal

The merger consolidates Musk's ventures, combining advanced AI capabilities with X's extensive user base to create a transformative platform.

Elon Musk announced that his AI company, xAI, has acquired his social media platform, X, in an all-stock transaction.
The deal values xAI at $80 billion and X at $33 billion, including $12 billion in debt, reflecting a significant drop from X's 2022 valuation of $44 billion.
The merger aims to blend xAI's advanced AI tools with X's 600 million active users to deliver smarter, more meaningful experiences.
xAI, founded in 2023, has rapidly become a leading AI lab, leveraging tools like the Grok AI model and the Colossus supercomputer.
The combined company aligns with Musk's vision of creating a 'super app' that accelerates human progress through AI and social media integration.