CosmicTaco

xAI Eyes $200 Billion Valuation Amid Fundraising Buzz

CosmicTaco · 2025-07-12T12:03:29.756959+05:30

- Reports suggest xAI, Elon Musk's AI venture, is eyeing a new fundraising round that could push its valuation to $200 billion. - The Financial Times and Bloomberg indicate the potential deal might start as soon as next month, marking a rapid rise from an $18 billion valuation last year. - xAI previously raised $10 billion in July and sold $300 million in shares in June, with Saudi Arabia's PIF possibly playing a key role in the new funding. - Elon Musk, however, has denied the fundraising reports, stating the company has sufficient capital. - If successful, xAI could become one of the world's most valuable private companies, despite reportedly burning $1 billion monthly on AI model development. Source: [Mint](https://www.livemint.com/companies/news/elon-musks-xai-likely-to-head-towards-another-round-of-fundraising-seeks-200-billion-in-valuation-reports-11752297424942.html)

Reports suggest xAI, Elon Musk's AI venture, is eyeing a new fundraising round that could push its valuation to $200 billion.
The Financial Times and Bloomberg indicate the potential deal might start as soon as next month, marking a rapid rise from an $18 billion valuation last year.
xAI previously raised $10 billion in July and sold $300 million in shares in June, with Saudi Arabia's PIF possibly playing a key role in the new funding.
Elon Musk, however, has denied the fundraising reports, stating the company has sufficient capital.
If successful, xAI could become one of the world's most valuable private companies, despite reportedly burning $1 billion monthly on AI model development.

Source: Mint