Elon Musk Sells X for $33 Billion to Fund His AI Venture
Elon Musk’s Major Sale: X and xAI Deal
The Transition of X
Elon Musk has recently made headlines by selling the platform X, formerly known as Twitter, for $33 billion as part of a broader strategy involving his artificial intelligence startup, xAI. Just under three years after acquiring Twitter, Musk made this announcement via a post on his X account on March 28. In his statement, he revealed that xAI is now valued at approximately $80 billion. He emphasized that X, now valued at $33 billion after accounting for $12 billion in debt, has transformed significantly since its acquisition.
Musk described X as a digital hub where around 600 million active users engage in discussions and seek out timely information. He claimed that X has been reshaped into one of the most efficient businesses globally, poised for scalable growth in the future.
Developments within xAI
The sale comes on the heels of notable advancements at xAI, including the launch of Grok, an AI-driven chatbot comparable to platforms like ChatGPT. Musk explained that the decision to merge data, models, computing resources, distribution channels, and talent was essential for growth in the AI sector.
Elon Musk’s Twitter Acquisition
In April 2022, Musk acquired Twitter for about $44 billion. At that time, he expressed the importance of free speech, stating that it is crucial for a functional democracy and that Twitter serves as a digital town square for important discussions about the future. His plans included enhancing the platform’s features, making its algorithms open-sourced to build trust, combating spam bots, and ensuring that all users are verified.
Personal Milestones
The entrepreneur’s personal life has also been active, recently welcoming his fourth child with Shivon Zilis in February 2023. This new arrival marked Musk’s 14th child in total. He has a varied family background with children from multiple partners.
Musk shares six children with his first wife, Justine Wilson. The couple’s relationship spanned from 2000 to 2008 and produced twins, Vivian and Griffin, who are now 20 years old, along with triplets Kai, Saxon, and Damian, all of whom are 18. Tragically, their first son, Nevada, passed away from SIDS at just 10 weeks old.
Children from Previous Partnerships
Following his separation from Wilson, Musk’s relationship with musician Grimes (real name Claire Boucher) produced three children. They welcomed son X Æ A-Xii in May 2020 and another daughter, Exa Dark Sideræl, the following year via surrogate. Musk and Grimes, who split in 2022, also have a son named Techno Mechanicus.
Musk’s growing family continued to evolve, with recent news of the birth of his youngest child shared by author Ashley St. Clair. St. Clair announced this update through an X post, further highlighting Musk’s status as a father of many.
Future Prospects
As Musk continues to navigate his professional and personal life, he remains a pivotal figure in technology and business. With the sale of X and the rapid advancements at xAI, all eyes will be on Musk as he pushes for innovation and engages with users across his platforms. His ambition to shape the future, both through his businesses and in his family life, positions him uniquely in the public eye.
In summary, Musk’s recent business maneuvers and numerous familial developments reflect his dynamic lifestyle and pursuit of impact across various fields.
