Insiders: Musk's xAI will complete a new round of financing in June, with a post-financing valuation potentially exceeding $24 billion

2024-05-24 12:16:40

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ChainCatcher news, citing sources familiar with the matter, reports that Elon Musk's artificial intelligence company xAI is expected to complete a round of financing in June, with a post-financing valuation potentially exceeding $24 billion.

It is reported that xAI aims to raise $6.5 billion and is expected to achieve this goal in the coming weeks.

Previously on May 9, according to Bloomberg, Elon Musk's AI startup xAI is expected to complete this round of financing as early as this week, with a valuation of approximately $18 billion.

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