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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 companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.
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Elon Musk's X to offer streaming with X TV and financial services with X Money, says CEO Linda YaccarinoX Money is expected to function as a payment platform ... and the replacement of the iconic bird logo with a sleek X symbol. At the time, X set out to offer more than microblogging, promising ...
It's not exactly a secret on Wall Street that publicly traded companies sometimes make a statement with their stock symbols ... that an investor associates a money-making stock with true romance ...
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