Elon Musk has officially announced that his artificial intelligence company, xAI, has acquired the social media platform X at a valuation of $33 billion. The statement emphasized that this deal aims to create a new synergy by combining the strengths of both companies.
Musk Has Officially Sold X
In a post on X, Musk stated that the merger was completed with an $80 billion valuation for xAI and a $33 billion valuation for X. It was also confirmed that the transaction was carried out entirely through stock transfers.
@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).
— Elon Musk (@elonmusk) March 28, 2025
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…
According to the details shared, X’s total valuation, including its $12 billion debt, amounts to $45 billion. Meanwhile, the newly formed entity, XAI Holdings, has surpassed a total valuation of $100 billion, excluding debt.
This merger further strengthens the connection between Musk’s social media platform X and his artificial intelligence company, xAI. Musk commented, “The futures of xAI and X are deeply intertwined. Today, we are officially taking a step to integrate the data, models, computing power, distribution networks, and talent of both companies.”
Elon Musk’s strategic move in the AI and social media space could mark a significant turning point for the industry. The future direction and impact of this new entity will become clearer in the coming months. What are your thoughts on this development?
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