Elon Musk has sold his social media company, X, to his artificial intelligence firm, xAI, for $45 billion. The deal, which includes $12 billion in debt, values X at $33 billion, slightly more than what Musk paid for it in 2022.
Musk stated that the integration of X and xAI will leverage AI-driven capabilities to enhance user experiences. Although no immediate changes have been announced, xAI’s chatbot, Grok, is already embedded into the platform.
Under Musk’s leadership, X has undergone massive restructuring, leading to an exodus of advertisers. However, recent months have seen brands like Apple and Amazon returning, stabilizing the company’s finances.
Musk’s growing influence in both AI and politics is evident, particularly with his role in the Trump administration’s Department of Government Efficiency. The sale of X to xAI aligns with his broader efforts to expand AI’s role in digital communications and governance.
(This report is based on CNN’s original coverage. Read the full story [https://edition.cnn.com/2025/03/28/business/elon-musk-sells-x-to-xai/index.html )
