With this move – which is in fact a sale of X to xAI – the billionaire is banking on the synergies between his AI technologies and the powerful reach of his platform, formerly known as Twitter. He is also giving X back its value,

Musk disclosed that xAI has acquired X in a deal that values the AI startup at approximately $80 billion and the social media platform at $33 billion after accounting for X's debt. Originally purchased for $44 billion,

Elon Musk's AI company, xAI, has purchased X, according to a post shared by Musk. Besides their similar names and owner, the companies are already connected through xAI's chatbot Grok, which is integrated into X.

Elon Musk just sold X, the social network formerly known as Twitter, to himself? Well, kind of. Musk, in a post on X Friday, said that his artificial-intelligence company, xAI, has acquired X in an all-stock transaction that values X at $33 billion ($45 billion minus $12 billion in debt).

Musk said in a post on X that the move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.” He said the deal values xAI at $80 billion and X at $33 billion.

Elon Musks artificial intelligence company xAI has officially acquired his social media platform X (formerly Twitter) in a major all-stock deal, valuing the combined entity at $113 billion. The deal values X at