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x is now xAI.

It's basically a debt swap.
He is using this a way to pay out the expiring notes on his Twitter purchase and offsetting the chance of calls on his Tesla's stock.. which still backs everything.

So it's a paper deal. There is more.

xAI fully owns X and all of your data. This includes your musings, thoughts, posts, observations, direct messages, comments, analyses, and everything else you've shared on that platform.

There’s no justification for visiting that site; it raises serious concerns to maintain an account on such a controversial platform. And it's highly circumspect to have a nazi account on the nazi site.