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Elon Musk Chases $15 Billion Funding Round For xAI At Whopping $230 Billion Valuation — More Than Double Its Worth After X Acquisition

Summary by Benzinga
Elon Musk‘s artificial-intelligence company, xAI, is in advanced talks to raise $15 billion in new equity at a $230 billion valuation, according to a report published late Tuesday. Valuation More Than Doubles The terms of the new fundraising were disclosed to investors by Musk's wealth manager, Jared Birchall, on Tuesday night, the Wall Street Journal reported, citing people familiar with the plans. xAI, launched in July 2023 as a rival to OpenA…

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The new valuation would more than double IksAI's $113 billion valuation.

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vcpost.com broke the news in on Wednesday, November 19, 2025.
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