The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much he stands to make from the highly unusual deal.

Musk’s decision to merge the businesses is a win for X investors, who have endured more than two years of uncertainty since his takeover as advertisers and users abandoned the social network.

The acquisition was an all-stock transaction for $45 billion with the combined company now valued at $80 billion, according to Elon Musk.

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

Elon Musk made a shock announcement Friday that his artificial intelligence venture xAI has acquired his X social media platform in an all-stock transaction for $45 billion – a billion more than the mogul paid for the site in 2022.

In a post on X, Musk stated, "The futures of xAI and X are interconnected. Today, we officially take the step to merge our data, models,

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of $33 billion, marking a surprise twist for the social network formerly

Elon Musk announced the acquisition of X by xAI in a post on, well, X. “The combination values xAI at $80 billion and X at $33 billion,” he wrote. Elon Musk originally acquired Twitter in 2022 for $44 billion and then rebranded it to X. He provided more insight in his post.