Musk Merges His AI Company With X, Claiming Combined Valuation of $113 Billion -- WSJ

Dow Jones

03-29

By Ginger Adams Otis

Elon Musk's artificial-intelligence startup xAI has acquired X, the social-media platform he also owns, in an all-stock transaction, he said Friday.

The combination values xAI at $80 billion and X at $33 billion, Musk said in a social-media post announcing the acquisition.

"Today, we officially take the step to combine the data, models, compute, distribution and talent," Musk said.

Write to Ginger Adams Otis at Ginger.AdamsOtis@wsj.com

(END) Dow Jones Newswires

March 28, 2025 17:53 ET (21:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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