Saturday, 29 March 2025

xAI acquires X in stock transaction valuing the companies at over $100 Bn.

This is huge news and positions Musk, one of his companies, maybe xAI, maybe Tesla, to be the leader in AGI. See Stephen Ryan's take on it here

Just a few weeks ago I posted that Musk had created yet another Billion Dollar Company, xAI, this one in record time, that was worth, then -- just a few weeks ago -- $50 billion. It's now valued at $80 Billion. So, a company he started two years ago, is now worth $80 Billion. Amazing. The other companies he's started or got involved in at very early stages and driven the development of include: PayPal, $80 Bn. Tesla, $850 Bn, SpaceX $350 Bn, The Boring Company, $6 Bn and Neuralink $8 Bn. 

Total = $1.4 TRILLION and counting. But who's counting? Certainly not Elon. He's too busy building. While his haters are too busy hating. 

Musk is the most prolific creator of Billion dollar companies the United States, the world, has ever seen.