After Elon Musk bought Twitter for $44 billion in 2022 — after spending months trying not to buy Twitter — the world's richest man ... So what happened? Did Musk really turn Twitter around? That's an open debate, and part of it depends on where you ...
The all-stock deal combines two of Mr Musk's multiple portfolio companies and potentially eases Musk's ability to train his AI model known as Grok.
Elon Musk sold his social media platform X to his xAI company for $33 billion in stock, raising X’s valuation to $45 billion. The merger aims to combine AI capabilities with X’s reach, promising smarter experiences for users.
A U.S. judge on Friday rejected billionaire Elon Musk's bid to dismiss a lawsuit claiming he defrauded former Twitter shareholders by waiting too long to disclose his initial investment in the social media company,
As the world's richest person, Musk's net worth fluctuates with the stock market, particularly tied to Tesla's valuation. His involvement in politics has also sparked discussions about potential financial benefits from his proximity to policymakers.
Elon Musk’s X has reportedly regained a $44 billion valuation – the same price that the billionaire paid to buy the social media firm formerly known as Twitter in 2022.
Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.
The company xAi, owner of the Memphis-based supercomputer, is now the new home to the social media site X, formerly known as Twitter.