Elon Musk Unites X and xAI

Elon Musk Merges X with xAI in $113 Billion Valuation Deal

• xAI, founded by Elon Musk in July 2023, acquired X (formerly Twitter) in an all-stock transaction.
• The merger values xAI at $80 billion and X at $33 billion.
• X was originally purchased by Musk for $44 billion in April 2022.
• Fidelity Investments valued X at approximately $9.4 billion by October 2024.
• X carries a debt of $12 billion, as noted by Musk.

Elon Musk announced the acquisition of X by xAI, valuing the combined entity at $113 billion. Despite previous valuation challenges, this strategic move aims to leverage xAI’s AI capabilities with X’s extensive user base of over 600 million active users.