Elon Musk’s xAI Acquires Social Media Platform X in $33 Billion Deal
Elon Musk has sold his social media platform X to his artificial intelligence company, xAI, in a $33 billion all-stock deal, the billionaire announced on Friday. Musk stated that the acquisition will unlock immense potential by integrating xAI’s advanced AI capabilities with X’s vast user base. The deal values xAI at $80 billion and X at $33 billion, marking a significant shift in the future of both companies.
Musk originally purchased the platform, formerly known as Twitter, for $44 billion in 2022, implementing sweeping changes, including staff reductions and policy shifts on hate speech, misinformation, and user verification. A year later, he launched xAI, positioning it as a leading artificial intelligence research firm. The merger signifies a deeper collaboration between the two entities, leveraging data, models, and distribution to enhance user experiences.
Announcing the deal on X, Musk emphasized the transformative potential of the integration, stating that the combined company will “deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.” The acquisition further strengthens Musk’s influence in the tech industry, as he continues to lead Tesla and SpaceX while also serving as an advisor to President Donald Trump.
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