The entire story of Twitter / X under Elon Musk
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X + xAI = $113 billion.
As Wall Street Journal reporter Meghan Bobrowsky highlights, the valuations used for Elon Musk’s all-stock combo platter of X companies were negotiated in an... interesting way.
The WSJ article also mentions “Executives at the companies, which share personnel, believe it will be easier to raise money for the combined businesses under xAI than it would be separately,” and that all shares of X and xAI will be exchanged for shares in a new company: xAI Holdings Corp.
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