{"id":1532820,"date":"2025-04-28T10:55:00","date_gmt":"2025-04-28T14:55:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1532820"},"modified":"2025-04-28T10:55:00","modified_gmt":"2025-04-28T14:55:00","slug":"elon-musks-xai-in-talks-for-20-billion-funding-round","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/elon-musks-xai-in-talks-for-20-billion-funding-round\/1532820\/","title":{"rendered":"Elon Musk’s xAI In Talks For $20 Billion Funding Round"},"content":{"rendered":"

Elon Musk’s xAI In Talks For $20 Billion Funding Round <\/span><\/p>\n

\n

About a month after Elon Musk’s xAI Holdings acquired<\/a> the X platform in an all-stock deal valuing the social media company at $33 billion, whispers have emerged that xAI is in talks with investors to raise $20 billion \u2014 a move that could push the startup’s valuation north of $120 billion.\u00a0<\/p>\n

Citing\u00a0anonymous sources,\u00a0Bloomberg News<\/a> reported Friday that\u00a0xAI is in talks with investors to raise $20 billion. According to PitchBook data, the deal would mark the second-largest startup funding round on record, behind only OpenAI’s $40 billion raise earlier this year. The funding would push xAI’s valuation north of $120 billion if successful.\u00a0<\/p>\n

Last week, sources told\u00a0CNBC’s David Faber<\/a> that Musk was seeking to place a “proper value” on xAI.<\/p>\n

<\/a><\/p>\n

Here’s more color on\u00a0Faber’s conversation with sources:<\/p>\n

The comments came during a call with xAI investors last week, sources familiar with the matter told Faber. While the Tesla CEO didn’t explicitly address an upcoming funding round, the sources interpreted the comments as a sign that xAI is getting set up for a significant capital raise in the near future.<\/em><\/p>\n

. . .<\/em><\/p>\n

The sources also said the company discussed revenue at a potential run rate of $1 billion or more on the call.<\/em><\/p>\n

Back to the Bloomberg report, Musk and xAI executives have been probing investors about their\u00a0appetite for a $20 billion funding round. One source said the funding round could be much higher.\u00a0<\/p>\n

The latest Bloomberg data shows Musk’s net worth at around $335 billion. Year-to-date, his net worth has declined by about $100 billion, with Tesla’s market capitalization halving due to gloomy sales figures and Democrats’ war on the company.<\/p>\n

<\/a><\/p>\n

Late last year,\u00a0Musk’s rocket company, SpaceX,\u00a0became the most valuable startup after a\u00a0private transaction valued the company at $350 billion.\u00a0<\/p>\n

Musk’s companies include many of the technologies that will dominate 2030<\/a> and may even determine the fate of the US empire as the great power fight with China rages on.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 04\/28\/2025 – 06:55<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/technology\/elon-musks-xai-talks-20-billion-funding-round<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk’s xAI In Talks For $20 Billion Funding Round About a month after Elon Musk’s xAI Holdings acquired the X platform in an all-stock…<\/p>\n","protected":false},"author":0,"featured_media":1532821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1532820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1532820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1532820"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1532820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1532821"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1532820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1532820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1532820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}