M&A
xAI absorbs X in an all-stock deal valuing the social network at $33B and xAI at $80B
Elon Musk announced on March 28, 2025 that xAI had acquired X in an all-stock transaction valuing X at $33B ($45B less $12B of debt) and xAI at $80B, formally fusing Grok's training data and distribution with the model company. Both were later folded into SpaceX in February 2026.
