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demmiblue

(38,245 posts) Fri Mar 28, 2025, 05:51 PM Mar 28

Musk's xAI buys social media platform X for $45 billion [View all]

Source: Reuters

March 28 (Reuters) - Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt.

"xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent," Musk said in a post on X, adding that the combined company would be valued at $80 billion.

The billionaire's AI startup, which was launched in 2023, recently raised $6 billion from investors at a valuation of $40 billion, sources have told Reuters.

Read more: https://www.reuters.com/markets/deals/musks-xai-buys-social-media-platform-x-45-billion-2025-03-28/

26 replies

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Musk's xAI buys social media platform X for $45 billion [View all] demmiblue Mar 28 OP

Worth $80 billion UpInArms Mar 28 #1

I wouldn't pay $8 for both of them. sinkingfeeling Mar 28 #8

Financial engineering C_U_L8R Mar 28 #2

I think Elon bought X from his own funds...I think $44BB? OAITW r.2.0 Mar 28 #14

No, he didn't. Xitter owes billions to banks with a huge payment due. Eugene Mar 29 #24

Thanks for setting me straight on that. OAITW r.2.0 Mar 29 #25

How long before it buys TSLA? Red Mountain Mar 28 #3

I think the computer systems for xAI are located in Kentucky. Musk wants to use xAI to house all of our government data. John1956PA Mar 28 #4

AI flipping votes................. Lovie777 Mar 28 #5

Bingo. Think. Again. Mar 28 #12

If xAI is being trained using input from X, then it is garbage. Garbage in, garbage out shall be the whole of the law. Midnight Writer Mar 28 #6

Self dealing bullshit. Voltaire2 Mar 28 #7

😒 tanyev Mar 28 #9

I'm no major player in the market, BUT BobsYourUncle Mar 28 #10

xAI investors finding out they just bailed out Musk by buying twitter for $40B, tens of billions more than it was worth mathematic Mar 28 #11

I guess he can hide the actual value of x by paying whatever he wants for it. Think. Again. Mar 28 #13

From tech journalist/editor Casey Newton on Bluesky: highplainsdem Mar 28 #15

It will just be another boondoggle. nt BootinUp Mar 28 #16

...and in the end the investors will be left holding bags of AI-generated dog turds. LudwigPastorius Mar 28 #17

Imagine some schlub i n south central PA who gets up and works everyday for Prairie Gates Mar 28 #18

Shenanigans JoseBalow Mar 28 #19

So if I use all my own money to buy all my own money, does that mean that I now have twice as much of my own money?? NBachers Mar 29 #20

Fidelity valued twitter ar 9billion Nululu Mar 29 #21

Sell your own company worth $10B to yourself for $45B and it becomes worth $45B. DetlefK Mar 29 #22

Abracadabra $80 billion angryxyouth Mar 29 #23

"Compute" is a noun now ? It's so hard to keep up with the degradation of literacy. nt eppur_se_muova Mar 29 #26