Elon Musk sells X, mostly to himself
The deal brings the social media company under a new corporate umbrella.
Elon Musk — Tesla (TSLA) CEO, fervent apostle for launching a spacecraft to Mars, intense ally of Donald Trump and scourge of government workers — did a deal he hopes will rationalize his corporate life.
He announced Friday he sold X, the site formerly known as Twitter, to his artificial intelligence startup xAI. Both will be part of a new Musk-controlled company.
