It is known that the merger of the two companies will already be completed through a stock agreement.
New Delhi: Elon Musk bought Twitter at the end of 2022. He changed its name to ‘X’. Within three years, he sold that X. X was sold for $ 33 billion. Musk sold X to his own artificial intelligence company xAI. He announced this on Friday. In the post in ‘X’, he wrote that the combination of these two will open the options to immense possibilities. In addition, he also said that the future of the X handle will depend on xAI in the future.
After President Donald Trump returned to the White House for the second time, Elon Musk has been given a big responsibility. Musk, a member of Trump’s kitchen cabinet, wrote in a social media post, ‘Today we are officially taking steps to unite information, business structures, service delivery and talent. X and xAI will merge to create a new platform that will accelerate the progress of human civilization.’
It is known that the merger of the two companies will already be completed through a stock agreement. xAI has a market value of $80 billion. Of which the X handle is worth $33 billion. Of this, there is $12 billion in debt, which is related to its total market value. Incidentally, Musk bought Twitter in 2022 for $44 billion. Which also included debt. Exactly a year later, Tink brought xAI. For this, he spent several million dollars to buy high-quality Nvidia chips.
After President Donald Trump returned to the White House for the second time, Elon Musk has been given a big responsibility. Musk, a member of Trump’s kitchen cabinet, wrote in a social media post, ‘Today we are officially taking steps to unite information, business structures, service delivery and talent. X and xAI will merge to create a new platform that will accelerate the progress of human civilization.’
It is known that the merger of the two companies will already be completed through a stock agreement. xAI has a market value of $80 billion. Of which the X handle is worth $33 billion. Of this, there is $12 billion in debt, which is related to its total market value. Incidentally, Musk bought Twitter in 2022 for $44 billion. Which also included debt. Exactly a year later, Tink brought xAI. For this, he spent several million dollars to buy high-quality Nvidia chips.
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