US EditionElon Musk’s xAI Seeks $4.3 Billion in Fresh Equity Funding: Report
- Elon Musk’s AI startup xAI is currently in discussions to secure $4.3 billion through a new round of equity funding, as reported on Tuesday, June 17, 2025.
- XAI launched in 2023 and has exhausted most of its $14 billion equity capital amid rising costs for hardware, compute, and talent intensifying its cash burn.
- The new equity round complements an ongoing $5 billion debt sale with commitments due Tuesday, which aims to enhance operational flexibility and delay shareholder dilution.
- XAI's valuation increased from $51 billion at the end of 2024 to $80 billion by the first quarter of 2025, and the company anticipates receiving a $650 million discount from one of its manufacturers to help lower infrastructure expenses.
- This funding effort reflects xAI's response to expensive AI development and positions it to compete vigorously with established players like OpenAI and Google DeepMind.
29 Articles
29 Articles
The AI Grok developed by Elon Musk presents itself as an unexpected critic of its own creator. It contradicts Musk in central political issues.
Musk's xAI Holds Talks for Another Massive Fundraising Round
To catch up in the AI race, Elon Musk’s xAI is going to have to burn some proverbial rubber — and lots and lots of literal cash. On Tuesday, Bloomberg reported that Musk’s artificial intelligence startup is in talks to raise $4.3 billion in an equity investment — on top of the $5 billion it had already been trying to borrow from debt investors. According to a separate report from Bloomberg, the fundraising comes as the company continues to burn …
Elon Musk's artificial intelligence startup, xAI, is in negotiations to raise $4.3 billion through a capital investment, in addition to $5 billion that it has tried to obtain in debt recently, according to information that the company has shared with investors that asked not to be identified for being private data.Musk's company, responsible for the Grok chatbot, needs this new financing, in part, because it has already spent most of what it col…
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