Elon Musk’s $45 billion self-purchase of X raises controversy, sparking debates over his financial strategy and the implications of the deal.
Elon Musk has made headlines again by selling X, previously known as Twitter, to himself. This sale is worth an astonishing $45 billion.
The deal values X at $33 billion, which includes $12 billion in debts. Musk’s move has surprised many in the business world.
Elon Musk raises eyebrows after purchasing X from himself for $45 billion
Musk originally bought Twitter in 2022 for $44 billion. He made a dramatic entrance at the company’s headquarters, famously carrying a sink as a joke.
Since taking over, he has made several changes to the platform. Many employees lost their jobs after the acquisition, and some were later asked to return.
This situation created a lot of buzz and confusion among the staff.
After purchasing Twitter, Musk rebranded it as X. He introduced new features and a paid subscription model for users who wanted blue verification ticks.
One of the most notable additions is Grok, an artificial intelligence tool that Musk developed.
These changes aim to enhance user experience and engagement on the platform.
The sale of X to Musk is an all-stock transaction.
This means xAI, a company Musk founded in 2023 to focus on artificial intelligence, has transferred ownership of the social media platform.
Musk stated that the futures of xAI and X are closely linked. He believes that combining the two will create significant opportunities for growth and innovation.
Musk said: “xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent.
“This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.
“The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.
“This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.
“I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning.
“Thank you for your continued partnership and support.”
Musk expressed that merging xAI with X will unlock immense potential.
He believes that blending advanced AI capabilities with the platform’s vast reach will provide smarter and more meaningful experiences for users.
His goal is to create a platform that not only reflects the world but also promotes human progress.
In his announcement, Musk mentioned that xAI is valued at $80 billion.
Despite facing challenges, including a reported loss of £41 billion in wealth since the beginning of 2025, Musk remains the richest person in the world.
Boycotts linked to Musk’s actions and political ties have affected Tesla stock, contributing to much of this loss.
Reactions to the sale
The sale of X has sparked various reactions online.
One user said: Sounds like laundering.
The second user added: From his left hand to his right hand
The third user commented: Sold to himself to inflate the value of his shrinking wallet.
The fourth user joked: Time to change it back to twitter! And bring back the bird!!
Another user added: Elon Musk has bank transferred himself 45 billion could have been the title