The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much he stands to make from the highly unusual deal.

Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal.

This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” writes Musk. In response to a deal cementing about $11 billion in lost value since the 2022 sale,