Elon Musk News / Musk surprised the world again, sold his social media platform X

Elon Musk News: The world's richest man Elon Musk is known for his bizarre and bold decisions. Recently, he has sold his social media platform X (formerly Twitter) to his own artificial intelligence company XAI. The deal has been completed under an all-stock deal of $33 billion. Musk himself shared the information about this acquisition on X. He said that "the future of XAI and X are deeply intertwined. We are officially taking steps to combine data, models, compute, distribution and talent."

Total payment will be $45 billion

In this deal, XAI will pay $45 billion, which is slightly more than the $44 billion paid by Musk to buy Twitter in 2022. However, the deal also includes a debt of $12 billion. According to Musk, this move will help open up new possibilities by combining the advanced capabilities of AI and the wide reach of social media platform X.

Strategy to unlock immense potential

Elon Musk said that the deal will combine XAI's cutting-edge AI technology and X's vast userbase, making a new digital revolution possible. He informed that XAI's valuation has been estimated at $80 billion, while X's valuation has been fixed at $33 billion.

Musk also informed that XAI has been established only 2 years ago, but during this time it has become one of the world's leading AI laboratories, developing models and data centers at unprecedented speed and scale.

He said, "This combination will provide a smarter and more meaningful digital experience to billions of people. Our priority is to uncover the truth and advance knowledge."

From Twitter to X: Musk's digital revolution

Elon Musk bought Twitter for $44 billion in the year 2022 and after that made many big changes in it. He laid off 80% of the employees and made significant changes in the policies of the platform. He renamed Twitter to X and amended its policies on hate speech, misinformation and user verification.

However, his decisions led some advertisers to distance themselves from the platform. Now, with the acquisition of XAI, Musk is once again planning to move in a new direction by combining social media and artificial intelligence.

@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…

— Elon Musk (@elonmusk) March 28, 2025