From X to xAI: Elon Musk’s Billionaire Escape Hatch
A mysterious $33 billion deal, SEC silence, and the two-tier system protecting the rich.
When Elon Musk announced that his AI company, xAI, was absorbing X (formerly Twitter) in a $33 billion all-stock transaction, the business press treated it as a bold innovation. But let’s be honest: This wasn’t just another tech pivot. It was a shell game.
With X bleeding revenue and carrying billions in debt, Musk needed a move. Fast. Folding the troubl…
