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The deal combined two of Mr. Musk's companies, which have been on different trajectories. The transaction valued xAI at $80 billion and X at $33 billion, the billionaire said.
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Ranchers in Texas claim livestock was sickened by ‘forever chemicals' in fertilizer made from sewage sludge. Now Synagro, a Goldman Sachs-backed firm, has lost a deal to manufacture there.
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In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
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The president has targeted firms that he claims have "weaponized" the legal system. On Friday, Jenner & Block and WilmerHale fought back in court, while Mr. Trump said he'd reached a deal with Skadden to avert an executive order.
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