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Dubai News Club > Tech > Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper
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Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper

Press Room
Last updated: 2025/03/28
Press Room
Published: March 28, 2025
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@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 unprecedented speed and scale.

X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient…

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