Sunday, 13 July, 2025
Musk’s xAI Eyes Massive $200B Valuation in Next Funding Round
Elon Musk’s AI startup xAI is in preliminary talks to raise funds at a valuation between $170 billion and $200 billion, targeting its third major financing within months. Saudi Arabia’s Public Investment Fund is expected to lead. Despite rumors, Musk denies an active fundraising effort, citing ample capital. Previously, xAI secured $10 billion via debt and strategic equity to fuel AI data center expansion.
Read full story at Economic Times