This was not on my 2025 bingo card 🤯
Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B
https://x.com/elonmusk/status/1905731750275510312

Implications for Farcaster? Thoughts @dwr.eth @v  @linda

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). 

Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at

Elon Musk

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Developer ecosystem @farcaster, co-founder @bountycaster. Previously: co-founder of Scalar Capital, product at Coinbase, co-producer @ethereumfilm