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

Tesla CEO Elon Musk boards Air Force One with U.S. President Donald Trump (not pictured) as they departs for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.

S., March 22, 2025. Nathan Howard | Reuters 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 wrote on X. "Today, we officially take the step to combine the data, models, compute, distribution and talent." He added that the merger would, "unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach.

" The Tesla and SpaceX CEO acquired Twitter in a deal valued around $44 billion in late 2022 implementing massive cost cuts and soon renaming it X..