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Musk's Second Acquisition of Platform X: A Business Imperative or a Lavish Move for His Company?
2025-04-01 /
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Author：小编
On April 1, Elon Musk made another bold move within a span of three years, acquiring the social media platform X—formerly known as Twitter—through an all-stock transaction with his AI startup, xAI. The deal placed a valuation of $33 billion on X, exclusive of debt. Simultaneously, a new entity emerged, XAI Holdings, boasting a valuation exceeding $100 billion, also excluding debt. Musk's actions yet again highlighted his substantial sway in the technology sector.
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