According to Bloomberg, xAI Holdings, the parent company of xAI and X, is currently in the process of securing funds from new investors totaling $20 billion. This development has increased the company’s valuation to $120 billion, with negotiations still in the early stages, leaving room for potential changes.
If this deal materializes, it will mark one of the largest capital injections for a major startup company, ranking second only to OpenAI, which received $40 billion in investments earlier this month. It is expected that the primary group of investors in this round is the same as those who have previously invested in Tesla and SpaceX.
Source: Bloomberg
TLDR: xAI Holdings is on track to secure $20 billion from new investors, potentially boosting its valuation to $120 billion, and attracting the attention of major backers who have previously supported Tesla and SpaceX.
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