Elon Musk sells X to his own xAI for $33 billion in all-stock deal

Elon Musk has officially sold his social media platform, X, to his artificial intelligence company, xAI, in a $33 billion all-stock transaction.

The move is seen as part of Musk’s broader strategy to integrate advanced AI capabilities into X, potentially transforming it into a more AI-driven platform. By shifting ownership to xAI, Musk aims to leverage cutting-edge AI developments within the social media space while maintaining control over both entities.

The deal marks a significant step in Musk’s vision of merging AI and digital communication, positioning X as a testing ground for xAI’s future innovations.