Musk-Owned xAI Completes $5 Billion Fundraising

BlockBeats News, November 15th, According to the Financial Times, it was reported that Musk's SpaceX and xAI will see a valuation surge of billions of dollars through a new deal. According to sources familiar with the matter, Musk's AI startup xAI has raised $5 billion, pushing its valuation to $45 billion, nearly double what it was valued at just a few months ago.

According to sources, SpaceX is preparing to launch a tender offer in December, selling its existing shares at a price of around $135 per share. This will push the valuation of the rocket manufacturer to over $250 billion.