Musk’s decision to merge the businesses is a win for X investors, who have endured more than two years of uncertainty since his takeover as advertisers and users abandoned the social network.

The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much he stands to make from the highly unusual deal.

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.