Elon Musk’s XAI Holdings In Talks To Raise $20 Billion Valuing Company At $120 Billion

Elon Musk’s XAI Holdings, the newly combined entity merging his AI startup xAI and social media platform X (formerly Twitter), is in early talks to raise about $20 billion, potentially valuing the company at over $120 billion. If completed, this would mark the second-largest startup funding round ever, behind only OpenAI’s $40 billion raise earlier this year. The funding could help reduce the significant debt Musk incurred when taking Twitter private. Investors’ strong interest highlights both the booming AI market and Musk’s continued influence across tech and politics. AMOUNT: $20,000,000,000+ VALUATION: $120,000,000,000+ HQ: #SanFrancisco #California #VentureCapital #ElonMusk #XAIHoldings #X #Elon #Musk #Tesla #XAI #TradedVC