The X logo is on a telephone and the Xai logo is displayed on a laptop in Krakow, Poland, on Apil 1, 2025.
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The Xai Holdings of Elon Musk is in discussion with Invests to pick up around $ 20 billion, Blobberg News reported Friday, referring to the family of people with the case.
The financing would appreciate the company at more than $ 120 billion, according to the report.
Musk wanted to assign “right value” to Xai, sources told David Faber of CNBC earlier this mouth. The comments were made to call Xai investors, family sources with the Awad Faber case. At that time, the Tesla CEO did not explicitly mention an upcoming financing round, but the sources suggest that Xai was preparing for a considerable capital increase in the near future.
The financing amount could be more than $ 20 billion because the exact figure was not recorded, the Bloomberg report added.
Artificial Intelligence Startup Xai did not immediately respond to CNBC request for comments outside the American office hours.
The AI company Last Mounth has taken over X in an All-Stock deal that appreciated XAI on $ 80 billion and the social media platform for $ 33 billion.
“The futures of Xai and X are intertwined. Today we are officially taking the step to combine the data, models, calculation, distribution and talent,” Musk said on X, the deal. “This combination will unlock a huge potential by combining Xai’s advanced AI options and expertise with the enormous reach of X.”
Read the full Bloomberg story here.
– CNBC’s Samantha Subin has contributed to this report.
