Elon Musk has announced a significant restructuring involving his various ventures. In a post on X (formerly Twitter), Musk revealed that his artificial intelligence startup, xAI, has acquired the social media platform X in an all-stock transaction. This move values xAI at $80 billion and X at $33 billion.

According to Musk, the deal values X at $45 billion, but it factors in $12 billion of debt, bringing the final valuation to $33 billion. This valuation is slightly more than what Musk paid for Twitter in 2022.

The transaction details indicate that xAI will pay $45 billion for X, incorporating the existing debt. Both xAI and X are privately held companies, meaning their financial details are not publicly disclosed. The all-stock deal signifies a deep integration between the social media platform and the AI company, potentially leveraging X's vast data resources for xAI's AI development efforts.

This acquisition consolidates Musk's diverse tech portfolio, intertwining social media with artificial intelligence. The implications of this merger are yet to be fully understood, but it suggests a future where social media and AI are more closely aligned under Musk's leadership.