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April 28, 2025 - Deals
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
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC