Elon Musk’s xAI acquires X in all-stock deal worth $33 billion, valuing the combined company at $113 billion - Tech Startups
In a move that has sent shockwaves through the tech world and beyond, Elon Musk’s artificial intelligence startup, xAI, has acquired X Corp (formerly known as Twitter) for $33 billion in an all-stock deal with debt included. The transaction, announced late Friday night, puts xAI’s valuation at $80 billion and the combined company at $113| Tech Startups - Startups and Technology news
