Elon Musk’s artificial intelligence company, xAI, is reportedly targeting a staggering $113 billion valuation as it looks to raise $300 million in a new share sale. The ambitious funding round reflects investor enthusiasm for next-generation AI ventures led by high-profile figures, even as questions remain over the firm’s product roadmap and commercial strategy.
LONDON DAILY ARCHIVE
Musk’s xAI Pursues $113 Billion Valuation in New Share Sale
AI startup seeks $300 million in fresh funding
04 June 2025 · 04:46 UTC