Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

CNBC March 28, 2025
Lora Kolodny, Ari Levy

Key Points

– Elon Musk said on Friday that he’s combining two of his companies, xAI and X, into a single entity.

– In a post on X, Musk said xAI is the acquirer, valued at $80 billion in the deal, while X is valued at $30 billion.

– Musk acquired Twitter for $44 billion in 2022, and later changed the name to X.

Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.

“xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today, we...

Today's Sponsors

Today's Sponsor