xAI Acquires X Platform in $33B All-Stock Deal

Elon Musk has merged his AI company xAI with social media platform X in an all-stock deal valuing X at $33 billion ($45 billion minus $12 billion in debt)

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The deal marries X's massive user base with xAI's artificial intelligence capabilities, formalizing the existing relationship that already features Grok chatbot integration

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Musk declared "xAI and X's futures are intertwined," promising the combination will deliver "smarter, more meaningful experiences" for users

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The $33 billion valuation marks a comeback for X, which Fidelity previously estimated had lost nearly 80% of its value since Musk's 2022 purchase

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Major advertisers including Amazon and Apple have reportedly returned to X after earlier exodus, boosting platform revenue and investor confidenc

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Saudi investor Prince Alwaleed bin Talal celebrated the merger, stating his companies' investments in both entities "is expected to reach between $4-$5 billion

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Musk's new role heading the Department of Government Efficiency in the Trump administration has raised questions about potential conflicts with his expanding business empire

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The xAI startup, now valued at $80 billion, competes directly with OpenAI, which Musk co-founded before leaving and later unsuccessfully bidding $97.4 billion to acquire

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The xAI startup, now valued at $80 billion, competes directly with OpenAI, which Musk co-founded before leaving and later unsuccessfully bidding $97.4 billion to acquire

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xAI Acquires X Platform in $33B All-Stock Deal

Elon Musk has merged his AI company xAI with social media platform X in an all-stock deal valuing X at $33 billion ($45 billion minus $12 billion in debt)

The deal marries X's massive user base with xAI's artificial intelligence capabilities, formalizing the existing relationship that already features Grok chatbot integration

Musk declared "xAI and X's futures are intertwined," promising the combination will deliver "smarter, more meaningful experiences" for users

The $33 billion valuation marks a comeback for X, which Fidelity previously estimated had lost nearly 80% of its value since Musk's 2022 purchase

Major advertisers including Amazon and Apple have reportedly returned to X after earlier exodus, boosting platform revenue and investor confidenc

Saudi investor Prince Alwaleed bin Talal celebrated the merger, stating his companies' investments in both entities "is expected to reach between $4-$5 billion

Musk's new role heading the Department of Government Efficiency in the Trump administration has raised questions about potential conflicts with his expanding business empire

The xAI startup, now valued at $80 billion, competes directly with OpenAI, which Musk co-founded before leaving and later unsuccessfully bidding $97.4 billion to acquire

The xAI startup, now valued at $80 billion, competes directly with OpenAI, which Musk co-founded before leaving and later unsuccessfully bidding $97.4 billion to acquire

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