US EditionElon Musk’s xAI Reportedly Plans $300M Tender Offer
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Elon Musk’s xAI Reportedly Plans $300M Tender Offer
Billionaire Elon Musk’s AI startup, xAI, is reportedly preparing to launch a $300 million secondary share sale that values the company at $113 billion. The tender offer will allow xAI employees to sell shares to new investors. This move is expected to precede a larger funding round where xAI will issue new equity to outside backers, aiming to raise additional capital. Acquisition of X and Broader Strategic Shift This share sale follows xAI’s acq…
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