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Elon Musk’s xAI Seeks $15 Billion Funding at $230 Billion Valuation

Elon Musk’s xAI Seeks $15 Billion Funding at $230 Billion Valuation

Author:

Global Cryptocurrency

Published:

2025-11-19 14:47:01

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BTCCSquare news:

Elon Musk's artificial intelligence startup xAI is in advanced talks to raise $15 billion in new equity, potentially valuing the company at $230 billion. The Wall Street Journal reports this marks a significant uptick from its $113 billion valuation in March, when it acquired Musk's social media platform X.

Discussions accelerated after Musk dismissed a CNBC report of a $200 billion Series E round as "false." xAI has expedited data-center expansion to enhance its Grok models, aiming to compete with OpenAI's ChatGPT and Anthropic's Claude. The AI arms race continues to drive massive infrastructure investments across the industry.

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