The tech titan can follow his own rules when he is combining two companies he owns, but the merger is still raising dealmaker eyebrows
Elon Musk’s merger of X and xAI values the combined company at over $110 billion. Photo: vincent alban/Reuters
Elon Musk struck what could be considered the biggest deal of the year, and he broke all the normal rules.
Musk’s splashy merger of the social-media company X and his artificial-intelligence startup xAI values the combined company at over $110 billion. That would be a blockbuster deal on Wall Street. But this one is unorthodox, even by Musk’s standards, for a whole host of reasons.
