X @xAI

Transaction Overview - xAI acquired X in an all-stock transaction [1] - The transaction values xAI at $80 billion and X at $33 billion [1] - X's valuation reflects $45 billion less $12 billion debt [1] Company Strategy - The combination of xAI and X aims to blend xAI's AI capabilities with X's reach [3] - The combined company seeks to deliver smarter experiences to billions of users [3] - The goal is to build a platform that accelerates human progress [3] Company Performance - X has over 600 million active users [2] - X has been transformed into one of the most efficient companies in the world in the last two years [2] - xAI has rapidly become a leading AI lab in two years [1]