US EditionElon Musk’s xAI seeks $113bn valuation in $300mn share sale
- Elon Musk’s AI company xAI is planning a secondary share offering worth $300 million in mid-2025, which places the combined business’s valuation at $113 billion.
- This sale follows xAI’s March acquisition of Musk’s social media platform X, formerly Twitter, which was valued at $33 billion in the combined $113 billion enterprise.
- The secondary offering enables current employees to transfer their shares to incoming investors and is anticipated to be followed by a more substantial funding round where xAI will issue fresh equity to external stakeholders.
- Musk emphasized that combining xAI’s Grok chatbot, Microsoft cloud partnerships, and Telegram’s distribution to one billion users positions the group to compete with Big Tech rivals.
- This share sale signals Musk’s renewed focus on his core businesses, as he steps back from political roles and aims to monetize X’s user base alongside advancing xAI development.
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Total News Sources15
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 29%
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