If you’re Elon Musk, you sell X to xAI. He did OK on the sale. In a Friday evening tweet on X, Elon Musk wrote that xAI had acquired X for $33 billion, or “$45 B less $12B debt.” In his tweet, Musk explained the rationale behind the deal.

Elon Musk has sold X in a $33 billion deal to his AI startup company almost three years after buying Twitter and rebranding it. Musk, 53, announced the deal via a statement posted on his X account on Friday, March 28.

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.