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International Business Times

Business

xAI's Valuation Soars to $230 Billion as Elon Musk Eyes $15 Billion Funding Round

Elon Musk XAI X United States Jared Birchall Tesla Inc.

A photo taken on March 11, 2024 shows the logo of US online social media and social networking service X - formerly Twitter - on a smartphone screen in Frankfurt am Main, western Germany.

Elon Musk's artificial-intelligence startup, xAI, is reportedly in advanced talks to raise $15 billion in fresh funding, bringing the company's valuation to an eye-popping $230 billion, according to the Wall Street Journal.

The fundraising details were shared with investors by Musk's wealth manager, Jared Birchall, on Tuesday night. It remains unclear whether the $230 billion figure is pre- or post-money.

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