Elon Musk Merges xAI with X (Twitter) to Combine Valuations of $113 Billion

By Sundance

In an announcement on his Twitter (X) account, Elon Musk announces that xAI is purchasing X (Twitter) in an internal stock swap. Twitter was valued at $33 billion, and xAI at $80 billion.

The remaining $12 billion in debt attributed to Twitter, can now be removed and paid to the debt holders without worry of the financial instability a repayment would ge…