In 2022, Elon Musk acquired X, previously known as Twitter, for $44 billion. Three years later, the social network was valued at $33 billion, a drop of $11 billion.
Now, X has been sold for $45 billion in a stock transaction that transferred ownership of the site to xAI, an artificial intelligence company founded by Musk in 2023.
“The futures of xAI and X are interconnected. Today, we officially take the step to combine data, models, computing, distribution, and talent. This combination will unlock immense potential by blending xAI’s advanced AI capabilities with the massive reach of X,” Musk wrote on the website.
“The combined company will provide smarter and more meaningful experiences for billions of people, while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that not only reflects the world but actively accelerates human progress.”
“I would like to acknowledge the hardcore dedication of everyone at xAI and X who have brought us to this point. This is just the beginning. Thank you for your partnership and ongoing support,” the entrepreneur concluded.
@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).
Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at…
— Elon Musk (@elonmusk) March 28, 2025
Photo and video: Public domain / X @elonmusk. This content was created with the help of AI and reviewed by the editorial team.
