Elon Musk’s XAI company buys the social media platform for $ 33 billion | Elon Musk

The XAI artificial intelligence company of Elon Musk has acquired X Musk – the social media platform previously known as Twitter – for $ 33 billion, marking the last turning point in the rapid consolidation of the power of the billionaire.

The All-Stock agreement announced on Friday combines two of Musk’s multiple portfolio companies, which also include the automotive manufacturer Tesla and Spacex, and potentially facilitates Musk’s ability to train its artificial intelligence model known as Grok.

Musk announced the transaction in one post on X, saying: “The combination values ​​XAI at $ 80 billion and x to $ 33 billion ($ 45 billion less than $ 12 billion)”.

“The Futures of Xai and X are intertwined,” he wrote. “Today we officially take the step to combine data, models, calculation, distribution and talent.”

Nor did the XAI spokesmen immediately respond to requests for comment. Much of the specifications of the agreement remained unclear, such as the way in which investors can be compensated, as X leaders would have been integrated into the new company or in the perspective of regulatory control.

“This development seems surprising and somehow unexpected,” said PP Foresight analyst Paolo Pescatore. “To a certain extent, closes a chapter of the turbulent saga of X.”

“The choice of $ 45 billion is not a coincidence,” said Gil Lurria by Davidson & Co Gil Luria. “It is $ 1 billion higher than the Take-Private transaction for Twitter in 2022” and can share the value of the XAI business with co-investigations X.

Musk, the richest man in the world, also has He consolidated his power to Washington DC Supervising the efforts to reduce the costs of the Trump administration as head of the so -called Department of Efficiency of the Government or Doge. This also put him in the position to potentially influence the agencies that supervise his business relationships.

An investor in XAI, and now in the combined entity, he told Reuters that he was not surprised by the agreement, observing him as a musk that consolidate his leadership and management in his own companies. The investor refused to be appointed.

Musk did not ask the approval of the investors, but he told them that the two companies had collaborated closely and the integration would guide the deepest integration with Grok.

Musk’s XAI startup was launched less than two years ago and recently collected $ 10 billion in a financing round that evaluated the company at $ 75 billion, according to a media ratio.

In February, Musk, 53 years old, made an offer of $ 97.4 billion with a consortium for the Openii make -chalgpt maker, who was rejected, with Openai saying that the start was not on sale. Musk co-founded Openi with CEO Sam Altman in 2015.

Musk competes directly with the popular Openi platform and sued the Federal Court in California to prevent his rival from converting from a non -profit organization to a profit activity. At the beginning of this month, a judge denied Musk’s request for a preliminary injunction that would have prevented the passage.

The wide release of AI software has triggered a burst of investments and competition in Silicon Valley. In an attempt to be more efficient, companies are looking for ways to integrate the software into almost all their operations.

While competition in AI intensifies, Xai has increased its data center ability to form more advanced models and its supercomputer cluster in Memphis, in Tennessee, called Colossus, is advertised as the largest in the world.

Xai introduced Grok-3, the latest iteration of his chatbot, in February, while trying to compete with the Chinese Deepseek and Openii artificial intelligence company supported by Microsoft. Platform X can serve to further distribute XAI products, while providing a real -time feed of reflections, screenshots and other user data.

Moss he conquered an agreement in 2022 to buy XThen Twitter, for $ 44 billion, ending its race as a public company from its initial public offer of 2013, declaring that “the bird is freed” once the acquisition is closed.

He passed out the company’s workforce after the acquisition, pushing the advertisers to escape from the platform and a quick drop in revenue. Recently, the brands have returned to x as Musk’s influence grows in the Trump administration.

The seven banks that extended $ 13 billion in loans to Musk to buy X have maintained the debt on their books for two years until they were able to sell it all at once last month, according to a source that is familiar with transactions.

This was made possible after an increase in the interests of investors for exposure to artificial intelligence companies together with the best operating performance of X in the previous two quarters, among other factors, according to two people who are familiar with the matter.

After the merger, the investors who purchased the debt from the banks will draw profit, said Espen Robak, founder of Pluris Valuation Advisors, specialized in Illyquide activities. “Definitely the debt is worth more now, if not completely paid.”

Separately, on Friday a Judge of the United States rejected an offer from Musk to reject a case claiming to have framed the former Twitter shareholders waiting for too long to reveal his initial investment in society.