This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” writes Musk. In response to a deal cementing about $11 billion in lost value since the 2022 sale,

If you’re Elon Musk, you sell X to xAI. He did OK on the sale. In a Friday evening tweet on X, Elon Musk wrote that xAI had acquired X for $33 billion, or “$45 B less $12B debt.” In his tweet, Musk explained the rationale behind the deal.