Elon Musk's xAI Holdings is reportedly in early discussions to secure $20 billion in funding that could push its valuation beyond $120 billion. If completed, this would represent one of the largest startup funding rounds in history, second only to OpenAI's recent $40 billion raise. The influx of capital may help address xAI's significant debt, which currently incurs $200 million monthly servicing fees and annual interest expenses exceeding $1.3 billion. This move underscores the ongoing investor interest in AI technologies and Musk's rising influence in political circles.
Elon Musk's xAI Holdings is in talks to raise $20 billion in funding, potentially valuing the combo at over $120 billion, with discussions in early stages.
The funding could alleviate X's debt burden, costing $200 million monthly in servicing fees, with annual interest exceeding $1.3 billion.
A successful raise would highlight AI's investor appeal and Musk's emergence as a political player in Trump's White House.
Musk may draw from familiar supporters like Antonio Gracias of Valor Equity Partners, who is aiding in his Department of Government Efficiency.
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