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Elon musk’s xai is in advanced talks to raise $15 billion in equity funding at a potential valuation of $230 billion, the wall street journal reported late on tuesday. Elon musk’s ai startup xai is reportedly in advanced talks to raise $15 billion in new funding at a $230 billion valuation. Xai is reportedly close to raising $15b at a massive $230b valuation — more than double the $113b valuation disclosed when it merged with x earlier this year
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The fundraising pitch was shared with investors by jared birchall, musk’s wealth manager, as xai races to scale supercomputing capacity and compete with openai and anthropic. The new number would more than double that benchmark, signaling strong investor interest as the ai race intensifies across the tech industry. The fundraising details were shared with investors by musk's wealth manager, jared birchall, on tuesday night
It remains unclear whether the $230 billion figure is pre.
The company’s last major update came in march, when xai merged with musk’s social platform x, placing its value at $113 billion
