After a funding round, Musk’s AI company might be worth $200 billion
According to CNBC, Elon Musk’s artificial intelligence business, xAI, is set to raise $200 billion in a funding round, matching or surpassing the enormous values of rivals such as Anthropic and OpenAI.
«Squawk on the Street» co-host David Faber was contacted by unnamed sources who told CNBC that xAI would raise $10 billion in the investment round.
This financing comes after xAI’s valuation reached about $150 billion after a $5 billion debt issuance that was a component of a bigger $10 billion debt and equity deal managed by Morgan Stanley.According to CNBC, Elon Musk’s artificial intelligence business, xAI, is set to raise $200 billion in a funding round, matching or surpassing the enormous values of rivals such as Anthropic and OpenAI.
«Squawk on the Street» co-host David Faber was contacted by unnamed sources who told CNBC that xAI would raise $10 billion in the investment round.
This financing comes after xAI’s valuation reached about $150 billion after a $5 billion debt issuance that was a component of a bigger $10 billion debt and equity deal managed by Morgan Stanley.
Anthropic’s $183 billion valuation this month would be surpassed by xAI’s $200 billion valuation.
Sam Altman’s OpenAI, which raised $300 billion earlier this year and is already contemplating a secondary share offering that may value the business at $500 billion, would still surpass Musk’s startup, though.
