Elon Musk’s xAI Holdings is reportedly in discussions with investors to raise around $20 billion in new funding, according to Bloomberg News. The fresh round would value Musk’s newly merged artificial intelligence and social media venture at more than $120 billion, people familiar with the matter said.
The deal could see the amount raised surpass $20 billion, though sources caution that the final figure and terms are still under negotiation and could change.
xAI Holdings did not immediately respond to requests for comment.
Musk’s xAI recently merged with X — the social media platform previously known as Twitter — in a move that valued X at $33 billion. This strategic merger allows Musk’s AI firm to extend value to his co-investors from the former Twitter.
The $20 billion fundraising effort would be one of the largest private capital raises in tech history, positioning xAI as a serious player in the competitive AI and social media landscape dominated by giants like OpenAI, Google, and Meta.
With Musk’s growing influence across AI, social media, and automotive industries, this potential funding round could further solidify his ambition to be a major force in the future of artificial intelligence.
