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> it lost over 75% of its market value. No longer true. In March 2025, X Corp. was acquired by xAI, Musk's artificial intelligence company. The deal, an all-st
by lenkite 1y ago
> it lost over 75% of its market value.
No longer true. In March 2025, X Corp. was acquired by xAI, Musk's artificial intelligence company. The deal, an all-stock transaction, valued X at $33 billion, with a full valuation of $45 billion when factoring in $12 billion in debt.
Investor sentiment through secondary share trades still prices the company at $44 billion.
- disgruntledphd2 1y agoWell sure, but that was an inter-party transaction so basically valuations are irrelevant (unless they get sued, which probably won't happen unless the AI stuff collapses). To be fair, the banks did offload the debt at par (two years later) so some people think X/Twitter is worth some money.