Musk’s xAI targets $230 bn valuation as new funding round advances
Elon Musk xAI is in advanced talks to raise $15 billion in equity funding at a potential $230-billion valuation, doubling its worth since March, according to the Wall Street Journal. The report says Musk's wealth manager Jared Birchall shared details of the round with investors. xAI previously absorbed social media platform X as part of its expansion.