Elon Musk has sold X (formerly Twitter) to his own company xAI in a $33 billion all-stock deal.
By Aniket Chakraborty
Apr 2, 2025
Image credit | @elonmusk | X
The deal values xAI at $80 billion and X at $33 billion, as announced by Musk himself.
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Both X and xAI are privately held companies, meaning they aren't required to disclose financial details publicly.
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Musk claims the merger will "unlock immense potential" by combining xAI's advanced capabilities with X's massive user reach.
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The billionaire originally purchased Twitter for $44 billion in 2022 before renaming it to X.
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After acquiring Twitter, Musk significantly reduced staff numbers and made controversial changes to policies regarding hate speech and misinformation.
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xAI was launched by Musk approximately one year after his Twitter acquisition.
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Musk currently serves as CEO of Tesla and SpaceX while also acting as an advisor to President Donald Trump.
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The combined companies will integrate their data, models, computing resources, distribution networks, and talent.
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According to Musk, the merger aims to deliver "smarter, more meaningful experiences to billions of people" while pursuing truth and knowledge advancement.