On Saturday, xAI, the AI startup helmed by Musk, revealed its acquisition of the X platform (formerly known as Twitter) in a deal valued at $33 billion. With an additional $12 billion in debt, the total worth of X now stands at $45 billion. The acquisition was structured as an all-stock transaction, positioning the merged entity, XAI Holdings, with an anticipated value exceeding $100 billion. Sources indicate that Morgan Stanley acted as the exclusive financial advisor for this groundbreaking deal.
