S&C Advises Elon Musk, xAI and X in the merger of xAI and X in a transaction valuing xAI at $80 billion and X at $33 billion ($45 billion enterprise value less $12 billion of debt).
Elon Musk’s artificial intelligence startup xAI has merged with X, the premier online platform for the free exchange of ideas in the digital town square where more than 600M active users go to find the real-time ground truth.
The S&C team representing Elon Musk, xAI and X was led by M&A partners Mike Ringler and Peter Jones. Ari Blaut advised on financing matters. Isaac Wheeler advised on tax matters. Heather Coleman advised on executive compensation matters. Renata Hesse and Juan Rodriguez advised on regulatory matters.