“The company’s AI business currently generates only limited revenue: xAI reportedly told investors last November that it was “on pace” to reach $100 million in annual sales.”
Musk’s xAI bought X in an all-stock deal that values X at $33 billion, below the $44 billion he paid. xAI is valued at $80 billion on about $100 million in yearly revenue. Musk sold one of his companies to another and set both prices.