Elon Musk's xAI Eyes $75 Billion Valuation with Ambitious $10 Billion Fundraising in 2025
Elon Musk's AI venture xAI is in talks with investors to raise $10 billion, potentially boosting its valuation to $75 billion, signaling major growth in the AI sector.
Highlights
- Elon Musk's xAI is pursuing a $10 billion funding round, aiming to elevate its valuation to $75 billion in 2024.
- The company previously secured $12 billion in funding during 2023, split between April and December rounds.
- xAI is close to finalizing a $5 billion server purchase deal with Dell, featuring Nvidia GB200 chips.
Elon Musk's artificial intelligence startup, xAI, is actively engaging with investors for a potential $10 billion capital raise, according to a recent Bloomberg report. This funding effort could increase the startup's valuation from $51 billion to an impressive $75 billion.
In 2023, xAI successfully raised $6 billion in April and another $6 billion in December, marking significant investor confidence in the company's AI innovations. Current investors like Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners are reportedly considering participation in this latest funding round.
Additionally, xAI is nearing an agreement with Dell Technologies to acquire over $5 billion worth of servers powered by Nvidia's advanced GB200 chips. This deal underscores xAI's commitment to expanding its AI infrastructure and capabilities.
In a related development, an investor group led by Elon Musk made a $97.4 billion bid to acquire OpenAI, a major competitor in the AI space. However, OpenAI declined the offer, reaffirming its stance that it is not for sale.
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