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Elon Musk Says His AI Firm Has Acquired X In All-Stock Deal Valuing Social Media Platform At $33 Billion
X, the social media site formerly known as Twitter, is changing its address but staying within Elon Musk’s corporate portfolio. In a post on X, Musk said his artificial intelligence firm xAI acquired X in an all-stock deal valuing the platform at $45 billion, minus $12 billion in debt. The valuation of X ($33 billion) […]
X, the social media site formerly known as Twitter, is changing its address but staying within Elon Musk’s corporate portfolio. In a post on X, Musk said his artificial intelligence firm xAI acquired X in an all-stock deal valuing the platform at $45 billion, minus $12 billion in debt. The valuation of X ($33 billion) […]
