Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
Published Fri, Mar 28 20255:34 PM EDTUpdated Sat, Mar 29 20257:39 AM EDT
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Key Points
- Elon Musk said on Friday that he’s combining two of his companies, xAI and X, into a single entity.
- In a post on X, Musk said xAI is the acquirer, valued at $80 billion in the deal, while X is valued at $30 billion.
- Musk acquired Twitter for $44 billion in 2022, and later changed the name to X.
Tesla CEO Elon Musk boards Air Force One with U.S. President Donald Trump (not pictured) as they departs for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025.
Nathan Howard | Reuters
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.
“xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today, we officially take the step to combine the data, models, compute, distribution and talent.”
