• Musk's xAI acquires X in $45 billion all-stock deal
  
• Combined company valued at $80 billion, Musk announces
  
• xAI raised $6 billion at $40 billion valuation, sources say
  

March 28 (Reuters) - 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 $45 billion, including 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 post on X, adding that the combined company would be valued at $80 billion.

 

 

The billionaire's AI startup, which was launched in 2023, recently raised $6 billion from investors at a valuation of $40 billion, sources have told Reuters.

 

Source: https://www.reuters.com/markets/deals/musks-xai-buys-social-media-platform-x-45-billion-2025-03-28/

Sooooo, Musk bought Twitter from himself? Interesting news

Sooooo, Musk bought Twitter from himself? Interesting news

Thats the only way he could get the valuation out of x for what it cost him to buy it. And it was straight stock swap purchase. The value is now in the private company X.ai . AND x.ai has the largest ai supercomputer in the world now I think.

 

Now couple all that with all the financial and personal data now available to musk, they are going to know ALL about you and profile you to the T.

Edited March 28Mar 28 by CTS

Thats the only way he could get the valuation out of x for what it cost him to buy it. And it was straight stock swap purchase. The value is now in the private company X.ai . AND x.ai has the largest ai supercomputer in the world now I think.

 

Now couple all that with all the financial and personal data now available to musk, they are going to know ALL about you and profile you to the T.

I tend to err on the side that those profiles already exist. There’s not been true privacy for a very long time.

What I wonder when I read this is if Musk had to pay taxes on selling the company to himself? I mean, I'm sure he can afford enough lawyers to wriggle out of any financial obligations with some legalese, but it's the most interesting thing about this story in general to me. :LOL:

What I wonder when I read this is if Musk had to pay taxes on selling the company to himself? I mean, I'm sure he can afford enough lawyers to wriggle out of any financial obligations with some legalese, but it's the most interesting thing about this story in general to me. :LOL:

I doubt he had to pay any taxes. Though I'm not going to lie, I'm kind of confused on this whole situation. :V