Recently, Musk's artificial intelligence startup xAI officially announced the acquisition of social media platform X through an all-stock transaction, totaling approximately $45 billion. This figure includes $12 billion in debt, giving X an implied equity value of $33 billion. Musk stated on the X platform that the merger will "combine the strengths of both companies in data, models, computation, distribution, and talent," believing this combination will leverage xAI's advanced AI capabilities with X's massive user base.
