Today, there has been a major change in ownership of the social media platform X, which used to be called Twitter. The new owner is xAI, an artificial intelligence company started by Elon Musk. Even though Elon Musk is no longer the owner of X, he still controls xAI, so he still has a big role in the company.
This new deal values xAI at $80 billion and X at $33 billion after considering X’s $12 billion debt. X has 600 million active users. Since being founded two years ago, xAI has quickly advanced in the AI field, particularly with its new product called Grok 3, which is making other big companies like Google and Microsoft pay attention.
Elon Musk shared his excitement about the partnership on X, saying that combining xAI’s smart technology with X’s large user base will create amazing new tools and services. For example, Grok 3 will be part of X, giving users access to features that other AI platforms like Google Gemini and ChatGPT don’t offer for free.
Musk explained that this merger will help create smarter and more helpful experiences for everyone using the platform. Now, X is considered a subsidiary of xAI, meaning xAI is its parent company. This change took place on March 28, 2025.
Previously, X was under a different parent company called X Corp, which Musk started in March 2023 after Twitter, Inc. Musk remains a major shareholder in xAI, while other large investors like Sequoia Capital and BlackRock have also helped the company grow.
With this merger, Musk’s influence has grown even more. X will keep running under CEO Linda Yaccarino, while Musk remains as Executive Chairman and CTO. This partnership aims to use xAI’s advanced technology to provide better experiences for millions of users.
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