45B

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Elon Musk’s xAI Acquires X in $45B Deal to ‘Unlock Immense Potential’

Image: SpaceX/YouTube Elon Musk’s artificial intelligence startup xAI has formally acquired his social media platform X in an all-stock transaction valued at approximately $45 billion. This figure includes $12 billion in debt, bringing the implied equity value of X to $33 billion. The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Musk’s…