Elon Musk announced Friday that his artificial intelligence company, xAI, has acquired X in an all-stock deal that values the two companies at a combined $113 billion.
Musk shared the news on X, writing that the deal “officially take[s] the step to combine the data, models, compute, distribution and talent” of both companies.
xAI is being valued at $80 billion, while X is pegged at $33 billion, factoring in $12 billion in debt.
Musk said the move brings together xAI’s advanced artificial intelligence with X’s massive online presence, which includes more than 600 million active users.
“The combined company will deliver smarter, more meaningful experiences to billions of people,” Musk wrote, “while staying true to our core mission of seeking truth and advancing knowledge.”
Since its launch two years ago, xAI has grown rapidly, building models and infrastructure “at unprecedented speed and scale,” according to Musk.
He also praised X as “the digital town square,” crediting its transformation into “one of the most efficient companies in the world.”
Musk ended the statement by thanking staff across both companies for their “hardcore dedication,” adding: “This is just the beginning.”
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