- Key Points
- Elon Musk’s xAI Holdings is in discussions with investors about raising about $20 billion, Bloomberg News reported Friday.
- According to the report, the funding would value the company at over $120 billion.
- Musk was looking to assign “proper value” to xAI, sources told Expressepaper David Faber earlier this month.
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)
Elon Musk’s xAI Holdings is in discussions with traders to raise about $20 billion, Bloomberg News reported Friday, bringing up human beings acquainted with the matter.
The record says that the organisation could be worth more than $120 billion in cash. Musk changed into looking to assign “proper value” to xAI, resources advised Express Paper David Faber in advance this month. Faber was knowledgeable through sources familiar with the situation that the feedback had been made at some stage in a call with xAI buyers. The Tesla CEO at that point didn’t explicitly mention any upcoming funding round, but the assets suggested xAI turned into getting ready for a massive capital increase shortly.
The investment amount could be more than $20 billion, as the precise discern had not been determined, according to the Bloomberg report.
Artificial intelligence startup xAI didn’t respond to an Express paper request for comment outdoor of U.S. Commercial enterprise hours.
The social media platform turned into valued at $33 billion and xAI at $80 billion, respectively, when the AI organization bought X in a stock-for-stock transaction remaining month. The futures of xAI and X are intertwined. Today, we officially take the step to combine the records, models, compute, distribution, and expertise,” Musk stated on X, saying the deal. “This combination will unlock monstrous potential through mixing xAI’s advanced AI functionality and expertise with X’s huge attain.”