Elon Musk’s xAI buys social media platform X for US$45 billion

Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for US$45 billion, including US$12 billion debt. “xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk said in a social media post, adding that the combined company would be valued at US$80 billion.

Neither X nor xAI immediately responded to a request for comment. The billionaire’s AI start-up, which was launched in 2023, recently raised US$6 billion from investors in a funding round that valued the company at US$40 billion, sources earlier said. Musk in February made a US$97.



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