Billionaire Elon Musk has announced the sale of X, formerly known as Twitter, to his artificial intelligence company xAI in a $45 billion deal. The transaction includes $12 billion in debt, valuing X ...

The all-stock purchase announced on Friday merges two of Musk’s several portfolio firms, which also include Tesla and SpaceX, ...

Musk shared in a post on X that the acquisition will “unlock immense potential by blending xAI's advanced AI capabilities ...