NEWSLETTER
Elon Musk – Tesla (Tsla) CEO, Apostle Fervent to launch a spacecraft to Mars, an intense ally of Donald Trump and scourge of government workers: he made an agreement that hopes that he rationalize his corporate life.
He announced on Friday that he sold x, the site previously known as twitter, to his artificial intelligence startup XAI. Both will be part of a new musk -controlled company.
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Musk said the agreement had a total value of $ 113 billion. That is $ 80 billion for XAI and $ 33 billion for x.
It is complicated from there. In the musk <a target="_blank" href="https://x.com/elonmusk/status/1905731750275510312″>Advertisement of the agreementHe valued x at $ 45 billion, but that was before representing $ 12 billion in debt.
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Musk bought x in 2022 for $ 44 billion. He has made him a seedbed of a controversial conversation, often fueled by himself. It included massive amounts of Pro-Trump content during the 2024 electoral campaign and continues to promote Trump initiatives and political opinions.
In his announcement, Musk said x has 600 million active users.
x has experienced valuation trips. . .
The value of x had sunk to $ 12 billion in January, the New York Times reported on Friday. The Times cited Fidelity Investments data, which had helped Musk buy what twitter was then.
It is not clear if that means that the fidelity cited of $ 12 billion mentioned is net of the debt that x.
In March, x raised $ 900 million new and existing investors in an assessment that the Journal said it was “just above” its original acquisition price.
. . . And he has fought to be a money creator
However, x has fought to generate income from the acquisition of Musk. In January, Times said, Musk told employees that the company's revenues were “little impressive” and that x was barely reaching a equilibrium point. ”
At the beginning of March, I was struggling to meet the income goals of the first quarter.
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In any case, x and XAI are already partners. Musk said his future “are intertwined.”
x and a chatbot developed by XAI called Grok Share Resources, including software engineers. Grok is trained in data published by x users, and some of x's income come from XAI.
The Wall Street Journal said Friday that all the actions of x and XAI will be exchanged for shares in a new company, XAI Holdings Corp., registered in Nevada. Musk appears as president.
Musk began XAI to compete against Open ai, the artificial intelligence laboratory that co -founded that makes the Chatgpt software. He has sued to take care of OpenAI to prevent him from becoming a profit for profit, and the case is ready to judge in autumn.
The complicated commercial structure of Musk
Most of Musk's commercial holdings are celebrated in private, including their company Rocket Space x, Neuralink, The Brain-Implant Chip Company and The Boring Company, which builds tunnels.
Boring is located in the early stages of building a giant tunnel under the center of Las Vegas to relieve traffic congestion.
Meanwhile, Tesla's actions have been repeatedly beaten by investors concerned with displacing sales and criticism of Musk personally due to his close relationship with President Trump.
The shares fell 3.5% on Friday to $ 263.55. They have 34.7% in 2025 and 46.1% from their maximum of 52 weeks of $ 488.54 reached on December 18. The shares reached a closing minimum of $ 222.15. March 10.
Musk has led the so -called government efficiency department, which has been trying to reduce federal government spending and massively reduce its payrolls. It is a so -called department because Congress has not officially authorized it.
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