Elon Musk Sells X in $33 Billion Deal to His AI Startup Almost 3 Years After Rebranding Twitter

Elon Musk has sold X in a $33 billion deal to his AI startup company almost three years after buying Twitter and rebranding it.

Musk, 53, announced the deal via a statement posted on his X account on Friday, March 28.

“The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk wrote. “Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at…