who owns xai

xAI, the artificial intelligence company founded by Elon Musk in 2023, owns X, the social media platform formerly known as Twitter. In March 2025, Elon Musk's company xAI acquired X in an all-stock transaction, effectively merging the two companies into a single entity called X.AI Holdings Corp. Elon Musk is the principal owner of both xAI and X, consolidating ownership under the xAI umbrella. The acquisition was valued at about $33 billion for X, with xAI valued at around $80 billion at the time of the deal. This move aims to integrate xAI's AI capabilities with X's platform to provide enhanced, intelligent user experiences.