xAI and X combine in an all-stock deal
Elon Musk announced that his AI company had acquired his social platform, valuing the two together at well over $100 billion.
Archive entry. This article looks back at an event from March 28, 2025. It was drafted with AI assistance from public records and is being fact-checked. See our About page.
On March 28, 2025, Elon Musk announced that xAI had acquired X in an all-stock transaction. The deal valued xAI at $80 billion and X at $33 billion, not counting X's debt.
Musk said the combination would join xAI's AI models and talent with X's reach and data. Grok was already built into X, and X's posts were used to train it.
Both companies were privately held, so the terms were not independently audited. It brought two of Musk's ventures under one owner, with xAI as the parent.