Multi-Billionaire, Elon Musk’s artificial intelligence firm xAI has completed the acquisition of the popular social media network – X (Formerly Twitter) in a Shares Purchase transaction estimated to be worth the sum of $33 Billion which includes accrued financial liabilities valued at $12 Billion.
The acquisition was finalized weeks after Elon reportedly raised around $1 Billion in debt financing for X; this resulted in the rebasing of the company’s worth which had diminished following his purchase in 2022 to a resurgent value of $44 billion – the same amount Musk paid for it in the initial purchase deal.
Musk announced the acquisition on his official X account through a tweet posted on the 28th of March 2025.
“xAI and X’s futures are intertwined,” Musk said, “Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
Both Linda Yaccarino, CEO of X, and Igor Babuschkin, co-founder of xAI, immediately posted similar messages on X signaling their support of the acquisition. “The future could not be brighter,” Yaccarino wrote.