Elon Musk sells X to his own xAI in $33 Billion stock deal | World News
Elon Musk has transferred ownership of social media platform X to his artificial intelligence company, xAI, in an all-stock deal valued at $33 billion, the billionaire announced on Friday.
Since both companies are privately owned, they do not have to reveal their financial details to the public.
Musk said in a post on X that this move will “unlock immense potential” combining xAI’s artificial intelligence expertise with X’s wide user base. According to him, the deal values xAI at $80 billion and X at $33 billion.
@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).
Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at…
— Elon Musk (@elonmusk) March 28, 2025
Musk, who also leads Tesla and SpaceX and serves as an adviser to President Donald Trump, originally bought Twitter for $44 billion in 2022. He later rebranded it as X, reduced its workforce, and changed its rules on content moderation, misinformation, and user verification. A year after acquiring X, he launched xAI.
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“xAI and X’s futures are intertwined,” Musk wrote on X. “Today, we officially take the step to combine the data, models, compute, dribution and talent.”
He added that merging the two companies will create “smarter, more meaningful experiences” for billions of people while staying focused on the goal of “seeking truth and advancing knowledge.”
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