Elon Musk, the CEO of SpaceX, Tesla, xAI, X, and The Boring Company, has asserted that his various businesses are “suffering” as a consequence of his involvement with the Trump administration. Musk’s claim comes amid increasing scrutiny of his relationship with the White House and the potential conflicts of interest arising from his role as both a

Friday message on his social media network X, the Tesla CEO said his artificial intelligence company, xAI, had acquired X in an all-stock transaction.

The move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” he wrote on X.

Elon Musk’s artificial-intelligence startup xAI has acquired X, the social-media platform he also owns, in an all-stock deal that assigns the new enterprise a lofty valuation.

Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion, much less than he paid for it in 2022 but a significant rebound from its moribund valuation just a few months ago.

Elon Musk's artificial intelligence company xAI acquired his social network X for $33 billion (and $12 billion of debt).

Musk said in a post on X that the move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.” He said the deal values xAI at $80 billion and X at $33 billion.

Elon Musk just sold X, the social network formerly known as Twitter, to himself? Well, kind of. Musk, in a post on X Friday, said that his artificial-intelligence company, xAI, has acquired X in an all-stock transaction that values X at $33 billion ($45 billion minus $12 billion in debt).

The combination values xAI at $80 billion and X at $33 billion,” he wrote in an X post on Friday. The X value is $45 billion when including $12 billion of debt, he said. It was an all-stock transaction.