Technology startup xAI, controlled by American billionaire Elon Musk, has acquired all shares of the social network X (formerly Twitter). This is reported by foreign media with reference to the statement of Elon Musk.
As part of the deal, xAI's value is $80 billion, and the value of Company X is $33 billion or $45 billion, including debt obligations worth $12 billion. Morgan Stanley acted as financial advisor to both sides of the transaction.
The deal between xAI and X provides for a mutual exchange of shares without raising funds. The total value of the combined company, called XAI Holdings, is estimated at more than $100 billion, not including debt obligations.
In March 2025, X attracted about $1 billion in new investments, and in January 2025, it acquired a stake in xAI for $6 billion, simplifying a merger of companies aimed at optimizing business and strengthening the interaction between X and xAI in order to combine data, models, computing, distribution and professionals in the AI technology segment.
From the experts' point of view, the xAI startup, which used information from the social network to develop a chatbot, will gain a long-term advantage given the extensive X database available to subscribers of a certain level. In addition, I. Musk freely distributed computing resources between companies in the form of Nvidia accelerators.
The deal also resolves the problems of sponsors of the social network X after a long period of investment uncertainty amid an outflow of users and advertisers following the acquisition of the social network Twitter. According to analysts, the social network X will increase advertising revenue by 17.5% to $1.31 billion, and in global markets by 16.5% to $2.26 billion at the end of 2025.
In February 2025, I.Musk introduced the new generation neural network Grok 3, developed by xAI, which is 10 times more powerful than the previous one and was able to bypass the main competitors (GPT-4o, Claude 3.5 Sonnet, Gemini-2 Pro and DeepSeek-V3) in solving problems in mathematics, code generation and scientific work as part of testing.
X.AI Corp. (xAI) is an American startup for the development of artificial intelligence infrastructure, founded by I.Musk in 2023. At the end of 2024, xAI's market value was estimated at over $50 billion. The next round of financing will take place in the first quarter of 2025 and could increase xAI's capitalization to $75 billion.
X is an American social network and the fifth most visited website in the world with 550 million users.
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