Saturday, 21 March, 2026
Musk’s xAI Bleeds $1 B/Month Amid $9.3 B Fundraise for Data-Center Race
By Isha
Elon Musk’s AI startup xAI is burning through roughly $1 billion per month, projecting a total cash burn of $13 billion in 2025 amid limited revenues of about $500 million this year. To stay funded, xAI is seeking $9.3 billion in new debt and equity, spending over half of it within three months. Despite high infrastructure costs, the company targets break-even by 2027, leveraging Musk’s deep pockets and chip investments.
Read full story at Economic Times