The acquisition of xAI by Musk brings unexpected gains to X investors. Although this acquisition is unexpected, it is not without clues. Since the establishment of xAI in 2023, the two companies have maintained close cooperation, covering data authorization, the production of chatbot Grok...

The Acquisition of xAI by Musk Brings Unexpected Gains to X Investors. Although this acquisition is unexpected, it is not without clues. Since the establishment of xAI in 2023, the two companies have maintained close cooperation, covering data licensing, the product distribution of the chatbot Grok...

via cnBeta.COM Chinese Industry Information Station - Telegram Channel

Telegraph
The Acquisition of xAI by Musk Brings Unexpected Gains to X Investors. Although this acquisition is unexpected, it is not without clues. Since the establishment of xAI in 2023, the two companies have maintained...

The Acquisition of xAI by Musk Brings Unexpected Gains to X Investors. Although this acquisition is unexpected, it is not without clues. Since the establishment of xAI in 2023, the two companies have maintained close cooperation, covering data licensing, the product distribution of the chatbot Grok, etc. They not only have many common investors, but their employees sometimes also share office space in Palo Alto, California. Musk revealed that the valuation of xAI in this transaction is $80 billion, a significant increase compared to the $50 billion in the company's last round of financing in November last year. The equity valuation of X in the transaction is approximately $33 billion, which is similar to the valuation in a recent round of financing and close to the price at which Musk privatized X in 2022, when the acquisition price also included $12 billion in debt. Regarding Musk's merger of the two companies...