Musk's XAI Holdings is negotiating a $20 billion financing, with a valuation possibly exceeding $120 billion.

ChainCatcher

2025-04-26 06:46:00

XAI-2,45%

According to ChainCatcher news and Bloomberg reports, Elon Musk’s XAI holding company is in talks with investors to raise about $20 billion for its newly merged artificial intelligence and social media business. Insiders reveal that if the deal is completed, the company’s valuation will exceed $120 billion, making it the second largest startup funding round in history, only behind OpenAI’s $40 billion funding earlier this year.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments