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-0.000641995895330924 6.41354540789565E-05 0.00198819907644948 6.41354540789565E-05 0.000256541816316008 -0.00256541816316063 0.00962031811185223 0.0111595690097485
Stock impact report

Musk's XAI deal offers unexpected win for X investors [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Company Research Source: Yahoo! Finance
Musk, the world's richest person, on March 28 used his artificial intelligence startup, xAI, to purchase his social media platform in an all-stock deal that values X at $33 billion, not including debt. The new joint entity, which will be called XAI Holdings, has a value of more than $100 billion, again excluding debt, Bloomberg News reported Read more: These departments investigating Elon Musk have been cut by DOGE and the Trump administration The deal was a surprise, but not necessarily shocking: The two businesses have worked together closely since xAI's founding in 2023, including on data licensing and product distribution for xAI's chatbot, Grok . They also share many of the same investors, and in some cases, employees even share office space in Palo Alto. The transaction valued xAI at $80 billion, Musk said — a jump from a valuation of about $50 billion in November, the last time the company raised money from investors. The $33-billion equity value of X in the deal is ab Show less Read more
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