Musk’s xAI Startup Swallows Up X Social Network in Deal

March 31st, 2025, 7:20 PM GMT+0000

The debt issued by Elon Musk’s social media company X Holdings Corp., formerly Twitter Inc., was up on Monday after Musk announced that the company had been acquired by his artificial intelligence startup xAI at a valuation of $33 billion. (Source: Bloomberg)

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