The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.

The all-stock deal values xAI at $80 billion and X at $33 billion, according to Musk’s post. The billionaire has increasingly linked the two companies, wielding user data from X to train its AI models.

Social platform X struggled after Elon Musk took over, but its fortunes improved dramatically after US President Donald Trump won reelection. Now it will be become part of Musk's AI startup xAI.

Elon Musk's artificial intelligence company xAI acquired his social network X for $33 billion (and $12 billion of debt).

What’s going on here? With the sale of X to xAI, Musk is exchanging the investor base of the social network with that of his AI company.

Elon Musk said 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.

Friday message on his social media network X, the Tesla CEO said his artificial intelligence company, xAI, had acquired X in an all-stock transaction.

Billionaire Elon Musk said his xAI artificial intelligence startup has acquired the X platform for $33 billion, marking a surprise twist for the social network formerly known as Twitter.