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Musk Sells X to xAI for $33B in All-Stock Deal

  • #Economic conditions & trends
  • #Science & technology
  • #United States of America
Musk Sells X to xAI for $33B in All-Stock Deal
story
MAR 29
Above: The Grok X AI logo. Image copyright: Jonathan Raa/Contributor/NurPhoto via Getty Images
story last updated MAR 31

The Spin

Narrative A

The merger is a strategic consolidation that will enhance AI capabilities, expand distribution reach, and create a more efficient and powerful technology company to better compete in the rapidly evolving AI landscape.

XLiveNOW from FOX

Narrative B

The deal is a financial maneuver to prop up X's struggling valuation by merging it with a more valuable AI company, establishing dominance in the AI sector, and masking X's ongoing revenue challenges and advertiser exodus.

GuardianNew York Times

Metaculus Prediction


Public Figures

Elon Musk


The Controversies


UNLIKELYLIKELY
Status:Resolved
Will Tesla Shareholders Vote to Reinstate Musk's $56B Pay Package?
Controversy
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Articles on this story

Elon Musk’s xAI firm buys social media platform X for $33bn
GuardianMAR 27
X on pace for first year of ad revenue growth since Elon Musk bought Twitter in 2022
New York PostMAR 27
Musk Says That His Xai Startup Has Acquired X For 33 Billio
BloombergMAR 27
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
BreitbartMAR 27
Elon Musk says he sold X to his AI company
CNNMAR 27
Musk Merges His Ai Company With X Claiming Combined Valuation Of 113 Billion 4A8F226
Wall Street JournalMAR 27