Tuesday, 3 June, 2025
Elon Musk's xAI Targets $113 Billion Valuation in $300 Million Share Sale
Elon Musk's AI startup, xAI, is pursuing a $113 billion valuation through a $300 million secondary share sale, enabling employees to sell shares to investors. This move follows xAI's $45 billion acquisition of social media platform X (formerly Twitter) in March 2025, which valued xAI at $80 billion and X at $33 billion. A larger funding round is expected to follow, as xAI continues to expand its AI capabilities and infrastructure.
Read full story at Economic Times