Elon Musk Sells X in $33 Billion Deal to His AI Startup: The Big Move After Twitter's Rebranding
Elon Musk Sells X in $33 Billion Deal to His AI Startup: The Big Move After Twitter's Rebranding In a monumental move that has shaken the tech world, Elon Musk has sold X to his AI startup company in a deal valued at $33 billion. This major transaction comes nearly three years after Musk rebranded Twitter to X, marking a significant shift in the social media and tech landscape. The Deal and Its Implications On March 28, 2025, Elon Musk made the announcement on his X account, stating that the combination of X and his AI startup xAI now values the AI company at an impressive $80 billion. Musk explained the reasoning behind the sale, highlighting that xAI, which has rapidly evolved into one of the leading AI labs, was now in a position to scale even further by integrating the vast amounts of data and computing resources from X. Musk emphasized the efficiency and potential of X, describing it as a "digital town square" for over 600 million active u...