Latest news with #XAIHoldings
Bloomberg
11-07-2025
- Business
- Bloomberg
Musk's xAI Seeks $200 Billion Valuation in New Funding, FT Says
XAI Holdings, Elon Musk's artificial intelligence and social media company, is in the early stages of a funding round that could value the business at $200 billion, according to a report in the Financial Times. The company — which combined X, formerly Twitter, with Musk's AI startup xAI — would see its valuation climb, and cement its place as one of the world's most valuable private companies. A representative for xAI did not immediately respond to a request for comment. The Financial Times cited unnamed sources in its report.
Yahoo
01-07-2025
- Business
- Yahoo
xAI raises $10bn in debt and equity to bolster AI initiatives
Elon Musk-backed AI company xAI has raised $5bn in debt and an additional $5bn through an equity investment. In a statement on X, Morgan Stanley announced that the debt comprises secured notes and term loans, and the deal was oversubscribed by 'prominent' global debt investors. The blend of debt and equity financing lowers xAI's overall capital costs and significantly broadens the funding sources accessible to the company, the bank explained. xAI will use the funds to support its development of advanced AI solutions, including the establishment of one of the world's largest data centres and the enhancement of its flagship Grok platform. XAI Holdings, the conglomerate formed by Musk, is also in discussions to raise approximately $20bn in equity, potentially valuing the company at more than $120bn. If successful, this funding round would be the second-largest startup funding round on record, following OpenAI's $40bn round earlier in 2025. XAI Holdings was launched in March 2025 through the merger of xAI, and X, the platform formerly known as Twitter. The funding comes as the European Union (EU) has initiated an inquiry into X following its acquisition by xAI, assessing potential penalties under the Digital Services Act (DSA). The DSA links fines to global revenue, and the combined companies' structure is under review. Penalties could reach 6% of a company's annual global revenue for failing to address illegal content, disinformation, or transparency requirements. The EU's investigation into X's alleged DSA breaches began in December 2023. Regulators have criticised X's changes to its blue checkmark system, which was previously used for verified public profiles. The European Commission may announce X's first DSA fine before its August recess, although delays are possible. "xAI raises $10bn in debt and equity to bolster AI initiatives " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
03-06-2025
- Business
- Economic Times
Elon Musk's xAI to raise $5 billion through debt sale
Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI, with Morgan Stanley shopping the debt at a double-digit interest rate, according to news agency debt package reportedly includes a floating-rate term loan, a fixed-rate term loan, and senior secured notes. The funds will be used for general corporate purposes, with commitments due by June17. This marks the latest in a string of fundraising efforts across Musk's business empire, as he shifts focus back to running his companies and away from political activity. The move comes shortly after Reuters reported that xAI is aiming for a $113 billion valuation in a $300 million share sale. The financing could support Musk's plans to scale up AI infrastructure, including expansion of xAI's Colossus supercomputer and the development of a data centre in Memphis, purchased in March. Early pricing discussions suggest a rate of 7 percentage points above the benchmark for the floating-rate loan and around a 12% yield on the senior notes. The debt package has already seen strong investor demand, exceeding $3.5 billion. The debt is linked to XAI Holdings, which includes both xAI and Musk's social media platform X, merged in March via an all-stock deal valued at $33 billion. In April, Bloomberg reported that XAI Holdings was in talks to raise around $20 billion from investors. Meanwhile, on Tuesday, ET reported that Musk's brain implant company Neuralink has raised $650 million in a funding round, with ARK Invest, Lightspeed, QIA, and Sequoia Capital, among others, participating."With this funding, we accelerate our path to bringing life-changing capabilities to more people, and continue pushing the boundaries of what's possible with brain-computer interfaces," the company said in an X post.
Time of India
03-06-2025
- Business
- Time of India
Morgan Stanley is shopping a $5 billion debt package for the world's richest man Elon Musk, here's what it is for
Morgan Stanley is reportedly arranging a $5 billion debt package for Elon Musk's AI company xAI Corp . According to a report in Bloomberg, quoting sources familiar with the matter, this marks another fundraising effort by the world's richest man Elon Musk across his business ventures. Launched on Monday (June 2), the debt package reportedly comprises a term loan B, a fixed-rate term loan, and senior secured notes, the source said, speaking anonymously as the information is not public. The funds will support general corporate purposes, with commitments due by June 17. The debt is reportedly tied to XAI Holdings , which encompasses Musk's AI startup and his social-media platform X, formerly Twitter. xAI has been heavily investing in its Memphis data center, Colossus, which could benefit from the debt proceeds. The facility currently operates 200,000 GPUs for AI training, with plans to add 1 million more nearby, Musk revealed in a May 20 CNBC interview. This follows a Financial Times report that xAI is raising $300 million through a stock sale. Bloomberg earlier reported that XAI Holdings was seeking $20 billion in funding, reflecting strong investor interest in AI and Musk's influence as a business and political figure. Musk, a prominent supporter of President Donald Trump, recently stepped down from an administration role after driving significant government changes and placing allies in key positions following Trump's reelection. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo Neuralink raises $650 million Additionally, Musk's Neuralink Corp. announced a $650 million Series-E funding round, backed by investors like ARK Invest, DFJ Growth, and Founders Fund. "This funding helps us bring our technology to more people — restoring independence for those with unmet medical needs and pushing the boundaries of what's possible with brain interfaces," Neuralink said. The company is said to have started clinical trials for the device, which has a chip that processes neural signals that can be transmitted to computers or phones, in three countries. According to the company, five patients with severe paralysis are using Neuralink to control digital and physical devices with their thoughts. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
02-06-2025
- Business
- Time of India
Morgan Stanley is shopping a $5 billion debt package for world's richest man Elon Musk, here's what it is for
Morgan Stanley is reportedly arranging a $5 billion debt package for Elon Musk's AI company xAI Corp . According to a report in Bloomberg, quoting sources familiar with the matter, this marks another fundraising effort by the world's richest man Elon Musk across his business ventures. Launched on Monday (June 2), the debt package reportedly comprises a term loan B, a fixed-rate term loan, and senior secured notes, the source said, speaking anonymously as the information is not public. The funds will support general corporate purposes, with commitments due by June 17. The debt is reportedly tied to XAI Holdings, which encompasses Musk's AI startup and his social-media platform X, formerly Twitter. xAI has been heavily investing in its Memphis data center, Colossus, which could benefit from the debt proceeds. The facility currently operates 200,000 GPUs for AI training, with plans to add 1 million more nearby, Musk revealed in a CNBC interview. This follows a report that xAI is raising $300 million through a stock sale. Bloomberg earlier reported that XAI Holdings was seeking $20 billion in funding, reflecting strong investor interest in AI and Musk's influence as a business and political figure. Musk, a prominent supporter of President Donald Trump, recently stepped down from an administration role after driving significant government changes and placing allies in key positions following Trump's reelection. Neuralink raises $650 million Additionally, Musk's Neuralink Corp. announced a $650 million Series-E funding round, backed by investors like ARK Invest, DFJ Growth, and Founders Fund. "This funding helps us bring our technology to more people — restoring independence for those with unmet medical needs and pushing the boundaries of what's possible with brain interfaces," Neuralink said. The company is said to have started clinical trials for the device, which has a chip that processes neural signals that can be transmitted to computers or phones, in three countries. According to the company, five patients with severe paralysis are using Neuralink to control digital and physical devices with their thoughts. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
