
Elon Musk says he’s sold X to Elon Musk’s xAI
Elon Musk has announced that his AI company, xAI—which we’re told is also working on a videogame—has acquired his social media company, X, in an all-stock transaction. The Musk-to-Musk deal values X at $45 billion before subtracting $12 billion in debt. Before rebranding it as X, Musk purchased Twitter for $44 billion in 2022. Last…