Elon Musk’s xAI Acquires X in $33 Billion All-Stock Deal, Merging AI with Social Media
Elon Musk has taken a transformative step by merging his artificial intelligence venture xAI with the social media platform X (formerly Twitter) in a $33 billion all-stock acquisition. The strategic deal marks a new chapter in Musk’s effort to blend cutting-edge AI with social connectivity, a move he describes as unlocking “immense potential.”
Key Highlights:Deal Valuation and Strategic SynergyA Vision to Accelerate Human ProgressA Timeline of Rapid GrowthTransformation of Twitter into XLeadership Optimism and Forward PathA New Era for xAI and X
Deal Valuation and Strategic Synergy
Musk stated that the merger values xAI at $80 billion and X at $33 billion, noting that the latter figure reflects $45 billion minus $12 billion in debt. The acquisition seeks to combine “da...