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Elon Musk’s xAI Burning Through $1 Billion Monthly as It Seeks Funding

AI startup pushing $9.3 billion raise amid high cash burn

18 June 2025 · 04:59 UTC

Elon Musk’s AI startup xAI is reportedly spending over $1 billion per month and is now in discussions to raise $9.3 billion in debt and equity financing to support rapid expansion of its AI infrastructure and data centres :contentReference[oaicite:3]{index=3}.