Elon Musk announced Friday evening the sale of his social network X to his own artificial intelligence business, XAI. This major transaction values X at 33 billion dollars, slightly less than the initial purchase price of Twitter in 2022, but also includes $ 12 billion in debt.
Elon Musk claims to have sold X to his own IA company
Elon Musk announced this transaction on Friday evening directly on his XA account on Friday evening. The billionaire revealed that his platform would go under the control of XAI, his artificial intelligence startup.
“” The future of Xai and X is closely linked “, He declaredinsisting on the need to “combine data, models, calculation, distribution and talents”.
This merger comes at a strategic moment. The Grok chatbot, created by XAI, already works on X, illustrating the first synergies.
According to Musk, this alliance “will release an immense potential” by combining Xai's expertise with the 200 million X users, to offer “smarter experiences”.
The new merged entity would reach a valuation of $ 80 billion. This figure represents a spectacular reversal for X, whose value had dropped by almost 80% according to estimates of the investment company Fidelity last October, before recovering partially at the end of the year.
A favorable political and economic context
This reorganization occurs while Elon Musk now occupies a key role in the Trump administration. Appointed head of government efficiency department, the billionaire seeks to better organize his many companies in the face of criticism of his ability to manage them simultaneously.
This acquisition is part of Musk's Claire's ambition to become a major player in artificial intelligence. His recent attempt to acquire Openai for nearly $ 100 billion shows his desire to directly compete with Sam Altman, the creator of Chatgpt.
The X platform recently reconquered great advertisers such as Amazon and Apple, who come back after having moved away from moderation controversies. The valuation of XAI has also exploded, reaching nearly $ 75 billion according to Bloomberg.
By merging X and XAI, Musk thus strengthens its position on the AI market, a priority sector for the Trump administration.
In short, the renewed success of X is closely linked to the growing influence of Musk in American politics. Its new government role makes X an essential platform to follow the activities of the Trump administration, attracting investors and users.
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