Today’s tweet also didn’t mention his ambition for the service to handle “someone’s entire financial life,” but it does repeat his claim of X as “the digital town square.”As we noted in January, xAI staffers were also X employees, with company laptops and access to its code base. Musk had also previously claimed X investors would own 25 percent of XAI, but as of January, that had not materialized for X employees with shares in the company.
Elon Musk’s AI company, xAI, has acquired his social media platform X (formerly Twitter). It is an “all-stock deal,” valuing xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt. Musk announced the merger would combine xAI’s advanced AI capabilities with X’s extensive reach, aiming to deliver smarter, more meaningful experiences while advancing knowledge and truth.
Elon Musk secured a multibillion-dollar margin loan using Tesla stock as collateral to finance his acquisition of Twitter (now rebranded as X). In recent months, Tesla’s share price has been cut in half due to a confluence of factors—slowing EV demand amid high interest rates, shifting electric vehicle policies under the Trump administration, market volatility driven by trade tensions, and pressure from a coordinated NGO-driven color revolution known as “Tesla Takedown,” aimed at crashing the stock to trigger loan repayment obligations tied to Musk’s pledged equity.
