On Friday, Elon Musk announced he sold his social media company, X, to his artificial intelligence company, xAI.
The deal valued X at $33 billion.
In a post on X, Musk stated, “xAI and X’s futures are intertwined.”
He added, “Today, we officially take the step to combine the data, models, compute, distribution, and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
@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
Elon Musk has sold Twitter/X to his own artificial intelligence company, xAI, in a $45 billion deal pic.twitter.com/pXxSWiaTh3
— FearBuck (@FearedBuck) March 28, 2025
Per Musk:
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 unprecedented speed and scale.
X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.
xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. 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. This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.
I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning.
Thank you for your continued partnership and support.
Elon Musk has sold Twitter/X "in a $45B deal."
His artificial intelligence company, xAI, has acquired the platform.
(via @THR) pic.twitter.com/udJjgN6sHf
— Complex Pop Culture (@ComplexPop) March 28, 2025
Check out what CNN reported:
Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion, much less than he paid for it in 2022 but a significant rebound from its moribund valuation just a few months ago.
“xAI and X’s futures are intertwined,” Musk said in a post on X. “Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
Musk didn’t announce any immediate changes to X, although xAI’s Grok chatbot is already integrated into the social media platform. Musk said that the combined platform will “deliver smarter, more meaningful experiences.”
Musk has made a slew of changes to the platform once known as Twitter since he purchased it in 2022, prompting some major advertisers to flee. He laid off 80% of the company’s staff, upended the platform’s verification system and reinstated suspended accounts of White supremacists within months of the acquisition.
While X’s valuation is still lower than what Musk paid for the social outlet, it’s still somewhat of a reversal of fortunes for the company. Investment firm Fid
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