Recent reports reveal that Elon Musk’s AI startup, xAI, has acquired his social media platform in an all‐stock deal that redefines the company’s identity and future strategy. The move signals a dramatic shift in how the platform will integrate emerging AI technologies and reshape user experience amid supportive investor sentiment.
Social media platform magically worth a billion more than what he bought it for Comment Billionaire Elon Musk's xAI is to acquire billionaire Elon Musk's X in a deal that values the former at $80 billion and the latter at $33 billion.…
Elon Musk said he borrowed the name from a 1960s science fiction novel, but another AI startup applied to trademark it before xAI launched its chatbot.
Elon Musk’s self-deal merging his AI startup xAI with X (formerly Twitter) shows AI hype overtaking stagnant social media. He's leveraging high AI valuations to mask X’s weak revenue and debt, shifting focus from legacy platforms to an AI-driven future.
$52b deal made three years after he bought Twitter.
Elon Musk reacquired the former Twitter using his AI startup, xAI, in an all-stock deal that values X at $33 billion (excluding debt). The new entity, XAI Holdings, is worth over $100 billion, also excluding debt.
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
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