Insiders: Musk's xAI has completed a $5 billion financing

2024-11-15 21:02:59

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ChainCatcher news, according to the Financial Times, Musk's SpaceX and xAI will achieve a valuation leap of billions of dollars through a new deal. According to insiders, Musk's artificial intelligence startup xAI has raised $5 billion, reaching a valuation of $45 billion, nearly double its valuation from a few months ago.

According to insiders, SpaceX is preparing to launch a tender offer in December, selling existing shares of the company at about $135 per share. This would push the rocket manufacturer's valuation above $250 billion.

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