Elon Musk attended the NCAA Division I Men's Wrestling Championship in Philadelphia on March 22, 2025, as captured in a photo by Isaac Wasserman from NCAA Photos/Getty Images.

In a recent social media post on his platform, X, Musk announced that his AI firm xAI had acquired another company named X in an all-stock deal. This move valued xAI and X at $80 billion and $33 billion, respectively, with $45 billion attributed to X's value and $12 billion in debt.

These figures match a recent $1 billion funding round for X as reported by Bloomberg. Musk previously acquired Twitter in 2022 and rebranded it as X, valuing the company at $44 billion.

Musk emphasized the synergies between xAI and X, merging their data, technologies, and talent to unlock significant potential by combining xAI's advanced AI capabilities with X's extensive user base.

Comparing X's valuation to other tech companies, Musk's $33 billion figure for X, with over 600 million active users, surpasses Visible Alpha's estimations for Reddit and Snap, while Meta Platforms holds a market cap exceeding $1.5 trillion.

Apart from xAI and X, Musk's ventures include SpaceX, Neuralink, and The Boring Company.