The X logo is visible on a mobile device, while the xAI logo is shown on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)
Nurphoto | Nurphoto | Getty Images
According to Bloomberg News, Elon Musk’s xAI Holdings is negotiating with investors to secure approximately $20 billion, as reported on Friday by sources close to the situation.
This investment would increase the company’s valuation to over $120 billion, per the report.
Earlier this month, Musk aimed to establish a suitable valuation for xAI, sources informed CNBC’s David Faber. These comments were made during an investor call with xAI. Although Musk did not clearly mention a new funding round, insiders hinted that xAI was gearing up for a significant fundraising effort soon.
The total funding could exceed $20 billion, as the precise amount had yet to be finalized, according to Bloomberg.
The artificial intelligence company xAI did not reply immediately to CNBC’s request for a comment outside typical U.S. business hours.
Last month, the AI startup acquired X in an all-stock transaction that valued xAI at $80 billion and placed the social media platform’s worth at $33 billion.
Musk stated on X, “xAI and X’s futures are linked. Today, we officially combine our data, models, computational resources, distribution, and talent. This merger will unlock significant potential by merging xAI’s advanced AI skills with X’s extensive reach.”
For the complete Bloomberg article, click here.
— CNBC’s Samantha Subin contributed to this report.
