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📊 Market Pulse: xAI Acquires X in $45 Billion All-Stock Deal
Elon Musk’s artificial intelligence venture xAI is acquiring X (formerly Twitter) in an all-stock merger valued at $45 billion. The transaction prices xAI at approximately $80 billion and X at $33 billion (including about $12 billion of debt). By folding the social media platform into his AI company, Musk aims to unite two of his major ventures under one roof. The combined entity (worth roughly $113 billion) will span social media and AI, positioning Musk’s tech empire for ambitious growth.