Since the U.S. election in November, X has begun to regain some advertising support as companies aim to maintain favorable relationships with Elon Musk amidst his influence in the Trump Administration. Nonetheless, the company's valuation struggles to reach $44 billion, despite it approaching breakeven for 2024 according to internal reports. Additionally, the integration of xAI with X intends to harness advanced AI technologies, combining resources for greater efficiency and reach, although specific financial performance remains unclear due to X's status as a private entity.
Since the U.S. election in November, however, X has seen something of a turnaround, with various big advertisers reportedly reassessing their X ad spend in order to keep in Musk's good books, due to his influence within the new Trump Administration.
As a private company, X doesn't publish its financial data anymore, so we don't know exactly where it's placed, but reports suggest that X was close to breaking even for 2024, based on data that X shared with potential investors.
xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach.
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